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Global scholarships reassured new trade:
Washington (AWP/AFP) – World stock markets gained speed on Wednesday. Nevertheless, supported by the conclusion of trade agreements by Washington with several partners including Japan, and showing itself optimistic about the possibility that a compromise emerges with the European Union.
At Wall Street, the enlarged S&P 500 index (+0.78% to 6,358.91 points) and the NASDAQ index (+0.61% to 21,020.02 points) both crossed a new summit while the Dow Jones (+1.14% at 45,010.29 points) ended up a bit of its record.
In Europe, the Paris Stock Exchange jumped 1.37%and Milan by 1.33%, Frankfurt won 0.83%. Therefore, London advanced 0.42%, to 9,061.49 points, new record in fence. Meanwhile, In Zurich, the SMI won 1.54%.
“The new trade agreements concluded by the United States with Tokyo. Similarly, Manila and Jakarta strengthen confidence in the conclusion of other agreements before the deadline of August 1”, from which massive global scholarships reassured new trade surcharges must be imposed by Washington on many countries, sums up Jose Torres, of Interactive Brokers.
Clothing ally of the United States. Moreover, “Japan will pay reciprocal customs duties by 15%,” US President Donald Trump announced on Tuesday on his Truth Social network, well below the 25% surcharge, the archipelago of which was threatened on August 1.
The surcharge targeting Philippin products brought back to 19% (compared to 20%). And as for Indonesia. the agreement concluded with Washington rather concerns the framework of future commercial negotiations for a compromise, which therefore remains to be built.
“The market retains above all that Japan has come out of the showdown and that we can move forward. When you are a business and you do not know what will happen, or you will pay, you wait. And this is the cost of uncertainty that weighed enormously,” Sophie Chauvellier, manager at Dorval Am.
“The market is stimulated” by global scholarships reassured new trade these announcements. is all the more optimistic as “the EU is also moving towards a rate of 15 % for its customs duties”, comments with AFP Pat Donlon, of Fiduciary Trust Company.
“Decisions” are about to be made in commercial discussions between Washington. Brussels, the German chancellor said Friedrich Merz on Wednesday, while Donald Trump was the day before that an agreement with “Europe will come tomorrow”.
In addition. the session is also animated by publications of business results for the second quarter, for which “Europe deserves special attention”, estimates Laurent Denize, co -director of investments at Oddo BHF.
On the American side. while a fifth of the companies making up the S&P 500 index shared their financial data, “we have not yet seen anything worrying,” said Pat Donlon.
Hasbro and Ge Vernova raise their objectives ___
The American manufacturer of toys Hasbro (-0.94% at 76.84 dollars New York) announced a net loss in the global scholarships reassured new trade second quarter due to a heavy load for depreciation linked. to new customs duties but has revised its annual forecasts up.
As for the American group Ge Vernova (+14.58% to 629.03 dollars in New York). which brings together the old activities of the Conglomerate General Electric, he published a turnover up in the second quarter and also noted his forecasts for 2025, supported by the demand for its services and equipment.
The unchanged bond market ___
On the bond market, in Europe, the yield of the German loan at ten years reached 2.60% around 4:05 pm GMT, against 2.59% the day before closing. stable before the meeting Thursday of the European Central Bank (ECB), which should opt for the monetary status.
In the United States, the yield of the borrowing at ten years reached 4.38%, against 4.35% the day before.
Again. the market is awaiting the American Federal Reserve (Fed), which meets on July 29 global scholarships reassured new trade and 30, under the pressure of Donald Trump which requires rate reductions to stimulate the economy.
The dollar fell 0.16% compared to the single currency, to 1.1773 dollars for one euro.
On the oil side, the barrel of American WTI abandoned 0.08% to 65.25 dollars and that of Brent from the North Sea sold 0.12% to $ 68.61.
AFP/Rp
Global scholarships reassured new trade
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