PARIS (Reuters) – European scholarships finished in dispersed order on Friday with the results of companies while commercial negotiations with the United States continue.
In Paris, the CAC 40 ended up 0.01% to 7,822.77 points. The British Footsie won 0.17% while the German Dax dropped by 0.35%.
The Eurostoxx 50 index lost 0.35% the FTSEUROFIRST 300 0.09% and the STOXX 600 0.04%.
The European equity markets were drawn on Friday by rather better than expected business results while the second quarter results season will accelerate next week.
In addition to the results, the middle of next week will also be marked by several indicators which should inform about the resistance capacity of the European economy to the uncertainties from the United States.
The markets are broadly bet on the choice of the status quo of the European Central Bank (ECB) on Thursday but on a new drop in rates by the end of the year.
Across the Atlantic, the indicators published during the week which ends have reassured the resistance of the economy and carried the S&P 500 and the Nasdaq to records on Thursday.
In this context, the American Federal Reserve (Fed) could continue to wait before acting on its rates, to the Dam of Donald Trump who denied wanting to dismiss the president of the Central Bank during the week but does not retain his criticism.
In addition to pressures on Jerome Powell, the markets will also scan the trade negotiations between the United States and the European Union, the remaining 27 open to negotiations, according to a declaration by the White House spokesperson on Thursday.
VALUES
The Swedish manufacturer of defense equipment SAAB took 15.93%, recording the highest increase in the Stoxx 600, after having published a profit superior to the forecasts for the second quarter and revised upwards its prospects for sale.
In the same way, Burberry won 4.7% after its results while Electrolux lost 14.16% after disappointing accounts.
In London, GSK fell 4.6% after an advisory committee of the American Medicines Agency (FDA) recommended that it did not approve its blood cancer medication, the Blenrep.
In France, Vivendi recorded the highest increase in the SBF 120, displaying a gain of 12.47%, after the Autorité des Marchés Financiers (AMF) said that the Bolloré and Vincent Bolloré group had to submit a project of public purchasing and then public supply of withdrawal within six months on the shares of the company they do not have.
At Wall Street
At the end of the closing in Europe, exchanges on the New York Stock Exchange indicated a drop of 0.32% for the Dow Jones and 0.01% for the Standard & Poor’s 500 and the Nasdaq Composite.
The indicators of the day
Production prices in Germany, a key inflation indicator, decreased 1.3% over a year in June, in accordance with expectations, showed data from the Federal Statistics Office published on Friday.
The morale of American households improved in July, the preliminary results of the University of Michigan’s University of the University of Michigan were shown on Friday with a confidence index 61.8 after 60.7 in June.
Changes
The dollar is moving around a second consecutive week of increase, despite a drop on Friday, after reassuring data on the American economy published this week.
The dollar loses 0.49% against a basket of reference currencies, the euro gains 0.5% at 1.1654 dollars, and the 0.21% pound to 1.3444 dollars.
RATE
American yields are down slightly on Friday.
The yield of the Treasury at 10 years lost 4.1 base points at 4.4195% and that at 2 years 5.4 base points at 3.8627%.
The yield of the German Bund at 10 years old remained stable at 2.691% as two years at 1.854%.
OIL
Oil prices are uphand on Friday following new European Union sanctions against Russia which target the energy sector.
Brent increased by $ 69.75 a barrel by $ 69.75, the American light crude (West Texas Intermediate, WTI) increased from 0.37% to 67.86 dollars.
No major event to follow on Saturday July 19:
The situation on the markets
(Some data may accuse a slight offset)
(Written by Bertrand de Meyer, edited by Kate Entringer)
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