by Claude Chendjou
PARIS (Reuters) – The main European scholarships, apart from the Parisian square, finished in green Thursday, with the hope of an imminent trade in trade between the United States and the European Union.
In Paris, the CAC 40 ended with a loss of 0.41% to 7,818.28 points, weighed down by results deemed disappointing. The British footsie advanced 0.85% after touching a new summit allowing it to complete a sixth consecutive session in the green. The German Dax increased by 0.27%.
The Eurostoxx 50 index also won 0.27%, while the FTSEURofirst 300 won 0.22%and the Stoxx 600 0.24%. The equity indices in Europe were mainly carried by the banking sectors (+1.64%) and health (+1.09%).
At the time of the fence in Europe, the Dow Jones fell 0.35%, allocated by the results of IBM (-8.04%), Honeywell (-5.30%) and Unitedhealth (-3.48%). The Standard & Poor’s 500 and the NASDAQ, which scored closing records on Wednesday, advance Thursday by 0.21%and 0.20%respectively, while Alphabet (+1.59%) noted its investment expenditure forecasts for this year at 85 billion dollars.
On the customs duties front, an EU spokesperson suggested that an agreement was “at hand”, which could result, according to diplomatic sources, by 15% surcharge on European exports to the United States instead of a rate of 30% so far. The administration of Donald Trump, in parallel, concluded an agreement on the subject with Japan and endeavors to do the same with China and South Korea.
The session in Europe and the United States was also marked by an avalanche of results of companies, while on the monetary level, not surprisingly, the European Central Bank (ECB) opted for the status quo on its rates.
Values in Europe
BNP Paribas took 0.39% after reporting on Thursday of results slightly higher than expectations for the second quarter of 2025.
SEB unscrewed by 9.76% after lowering its 2025 objectives.
Totalnergies fell 3.52% after publishing withdrawal results for the second quarter.
Dassault Systems (-8.37%) was penalized by its margin of the second quarter, standing below expectations, according to JPMorgan.
Stmicroelectronics tumbled by 16.62%, the chip manufacturer who announced prospects for the third quarter below expectations.
Nestlé fell by 4.64%, the Swiss consumption giant having announced a strategic review of its vitamin activity.
Deutsche Bank, who reported a profit greater than the expectations in the second quarter, climbed 9.13%.
Deutsche Telekom advanced 5.05% after its US subsidiary T-Mobile Us < TMUS.O > reported a solid second trimester.
The indicators of the day
Unemployment registrations decreased in the United States last week to 217,000 against 221,000 the previous week, according to the Labor Department.
The activity of the British private sector has only progressed weakly in July with a composite “flash” PMI index at 51.0 points against 52.0 in June.
Economic activity in the euro zone accelerated faster than expected in July, supported by the service sector and new signs of recovery in the manufacturing sector, shows the S&P global survey.
Changes
The dollar is stable Thursday against the euro after the European Central Bank’s decision to leave its deposit rate to 2%.
The euro is processed at 1.1766 dollars (-0.03%).
“The idea that the ECB probably maintains its key rate at this level probably gains ground. We have reduced our expectations concerning rate reductions in September to less than 50/50,” said Shaun Osborne, chief Strategis Changeges at Scotiabank.
RATE
The yield of American treasury bills at ten years rises from 1.4 basic points, to 4.4017%, thanks to the optimism aroused by trade negotiations and solid economic indicators.
That of the German Bund at ten years took 9.4 base points, at 2.693%, and the two years 11.5 base points, to 1.911%, while traders are increasingly confident on maintaining the BCE levels at the current level. Monetary markets now assess at less than 30% the probability of a decrease of 25 basic points of the BCE rates at its next meeting, on September 11, against a probability of 50% on Wednesday.
OIL
The oil market rises with optimism in commercial negotiations and the decreases higher than expected of American gross stocks last week.
Brent increased by 1.04% to 69.23 dollars per barrel and light American crude (West Texas Intermediate, WTI) from 1.26% to 66.08 dollars.
(Written by Claude Chendjou, edited by Augustin Turpin)
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