Paris advances 0.67%, Frankfurt remains stable (-0.07%) and London fell 0.42%. In Zurich, SMI rises 0.61%.
The global scholarships evolve without joint direction on Friday, after the publication of several contrasting economic indicators in the United States, and before the meeting in Alaska between presidents Trump and Putin on the war in Ukraine.
In Europe, Paris advanced 0.67%, Frankfurt remained stable (-0.07%) and London sold 0.42%. In Zurich, SMI advanced 0.61%.
At Wall Street, around 3:45 pm GMT, the S&P 500 lost 0.39% and the NASDAQ 0.64%. The Dow Jones earned 0.11%.
Investors are on the lookout for the slightest economic indicator in the United States to assess the effects of the customs duty policy imposed by Donald Trump on the first world economy.
This Friday, they received contradictory signals.
On the battery side, retail sales increased in July, for the second month in a row and in perfect compliance with market expectations, drawn in particular by automobile sales and in the furniture sector.
On the face side, industrial production fell 0.1% over a month, while analysts’ consensus were tabling on stagnation. And consumer confidence has paid up in August in the United States, contrary to market expectations.
These clues were published the day after the announcement of inflation on the producer side (PPI) of July, much stronger than expected, which increased fears of a pricing due to customs duties, likely to prevent the American Federal Reserve (Fed) from lowering its rates.
“Companies have so far absorbed costs linked to customs duties, but the trend could be reversed, with prices soon reflected in consumers,” comments Ipek Ozkardeskaya, analyst of Swissquote Bank.
Especially since “the PPI report of July does not take into account the new customs rights imposed on August 7, in particular 35% on Canadian products, 25% on those from India and 15% on those of the EU, Japan and Korea”, explain economists of Deutsche Bank.
In this context, the yield of the American loan at ten years reached 4.31%, against 4.29 the day before at the end. At two years old, he reached 3.74%, compared to 3.72%.
On the change side, the dollar lost 0.49% to 1.1707 dollars for one euro.
The expected Trump-Puttine Summit
Another point of attention of the markets: “The Trump-Puttine Summit in Alaska, where the two leaders should discuss Ukraine”, but whose developments should not occur before the closing of the American markets (8:00 pm GMT), commented the Deutsche Bank economists.
“Even if an immediate breakthrough is unlikely, the summit will nevertheless be an important indicator for American-Russian relations and the war in Ukraine,” they continue.
The “face -to -face” meeting of Russian President Vladimir Putin and his American counterpart Donald Trump will be followed by a work meal, with their advisers.
They will then give a press conference, the first from a common appearance in front of the cameras in 2018 in Helsinki.
On the oil market, around 3:40 p.m. GMT, the price of the barrel of Brent de la Mer du Nord fell 0.83% to 66.28 dollars and that of the barrel of American WTI abandoned 0.98% to 63.33 dollars.
Intel would interest the Trump administration
The giant of intel semiconductors and microprocessors, which jumped 7.38% Thursday after information from the Bloomberg agency that the US government could acquire participation in the company, continued to be sought on Friday.
Around 3:50 p.m. GMT, its action climbed 4.53% to 24.94 dollars.
Pandora tumble
The action of the Danish jeweler Pandora plunged 18.40% to 844.60 Danish crowns in Copenhagen after the publication of results of the second quarter deemed disappointing by the market, in particular due to a decline in the operational margin, caused by pressures linked to “exchange rates, customs duties and the costs of raw materials”, according to the group.