PARIS (Reuters) – Wall Street is expected to decrease and European scholarships are in the red in mid -session, investors digesting new customs duties imposed by Donald Trump.
Futures in New York indices suggest an opening of Wall Street in the red, the Dow Jones appearing up 0.73%, while Standard & Poor’s 500 declines by 0.74%and the Nasdaq is falling 0.79%.
In Paris, the CAC 40 lost 1.03% around 10:15 a.m. GMT. The Dax in Frankfurt abandons 1.14% and the FTSE in London 0.55%.
The pan -European FTSEUROFirst 300 index loses 1.03%, Eurostoxx 50 1.12%and the Stoxx 600 0.94%.
The markets welcome the new customs duties imposed by Donald Trump with pessimism, suggesting that the optimism that reigned around commercial negotiations with certain countries or regions was not justified.
The American president said on Thursday, the United States would impose customs duties of 35% on imports from Canada next month. In all, 22 countries were notified this week of customs duties ranging from 20 to 50% from July 9 as initially planned but from early August.
“The new deadline, which Donald Trump described as ‘farm, but not 100 %’, extends uncertainty for companies and consumers around the world,” said Igna Fechner, economist at ING, during a presentation.
Donald Trump also said that the European Union would soon receive a letter, which investors interpret as a sign of a bad course of commercial negotiations.
“Anyone who thought that the pricing policy would be more stable after July 9 must review his copy. In recent days, Trump has announced higher customs tariffs on Japan, Canada, Brazil, copper. It’s probably not over,” said Bruno Cavalier, chief economists at Oddo BHF, in a note published on Friday. Pending developments on the commercial front, investors are preparing at the start of the publications season for the results of the first half of 2025 next week, with in particular the major American banks, to take the pulse of the economic consequences of the Trump administration policies.
Values in Europe
After reaching a higher in 17 years during the week, the European banking sector lost 1.74% and recorded one of the least good sectoral performances of the day with fears on growth linked to trade tensions.
Norwegian Air advances 8% after its results and the announcement of the payment of a dividend.
In France, the values of luxury undergo fears concerning customs duties, Kering lost 3.2% while LVMH abandoned 2.3%.
On the contrary, the defense values climb and display the most important gains: Dassault Aviation taking more than 2%, Thales 1.5%.
RATE
American returns are rather stable on Friday.
The yield of the ten years German takes 2.2 bp at 2.684%, that of the rate at two years> 1.3 pb to 1.904%,
Treasury’s yield at ten years takes 3.9 bp to 4.3855%, while the two -year title yield increased from 2.1 pb to 3.8892%.
Changes
The dollar is up on Friday after the customs duties imposed by Donald Trump on Canada and other countries.
The dollar earns 0.09% against a basket of reference currencies, the euro crosses 0.06% to 1.1693 dollars, and the pound sterling loses 0.24% to 1.3542 dollars.
OIL
Oil prices are slightly increasing on Friday, investors learning about the prospects of the International Energy Agency (IAI) for the year.
Brent took 0.34% at 68.87 Dollars per barrel, the light American crude (West Texas Intermediate, WTI) increased by 0.42% to 66.85 dollars.
No major indicator at the July 11 agenda
(Some data may accuse a slight offset)
(Written by Bertrand de Meyer, edited by Augustin Turpin)
Copyright © 2025 Thomson Reuters
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
