Paris increased by 1.21%, Frankfurt of 0.45%, London by 0.34%and Milan by 0.89%. In Zurich, SMI rises 1.16%.
The global scholarships evolve dispersed on Tuesday, the American investors remaining prudent before the speech of the president of the Fed Jerome Powell at the Central Banker Symposium in Jackson Hole, while Europe is satisfied with the discussions on the war in Ukraine.
On the old continent, the scholarships finished in green: Paris took 1.21%, Frankfurt 0.45%, London 0.34%and Milan 0.89%. In Zurich, the SMI won 1.16%.
At Wall Street, around 4:00 p.m. GMT, the Dow Jones was stable (+0.01%), the Nasdaq lost 0.99%, and the S&P ceded 0.37%.
Investors have in mind the speech at the end of the week of the President of the American Central Bank, Jerome Powell, on the occasion of the annual conference of central bankers in Jackson Hole (Wyoming).
“The market has little doubt” about “a drop in rates in the United States in September” but the “trajectory later” is “uncertain”, notes Christopher Dembik, investment advisor for Pictet AM, interviewed by AFP.
The American president has been urging Mr. Powell for several weeks to lower the key rates, but the latter, prudent, wishes to wait to know more about the trajectory of the US economy before lowering the rates.
Around 4:00 p.m. GMT, the yield at ten years of the American loan reached 4.31%, against 4.33% the day before at the end. At two years, the deadline most sensitive to changes in monetary policy, the yield reached 3.75%, against 3.76%.
On the exchange market, the greenback was stable (-0.035%), to 1.166 dollars for one euro.
On the geopolitical side, the markets are watching for discussions to reach a peace agreement in Ukraine.
They welcomed the news of a potential meeting to come between Zelensky and Putin, after President Donald Trump met the two leaders in recent days.
“An increasing optimism is settling in the markets as to the possibility of reaching an agreement,” said Susannah Streeter, of Hargreaves Lansdown.
France and the United Kingdom bring together this Tuesday in videoconference the “coalition of volunteers”, around thirty mainly European countries, on security guarantees at the center of discussions to end the conflict in Ukraine.
Home Depot in green
The American DIY store store Home Depot announced on Tuesday a net profit for the second quarter of its offbeat exercise lower than expectations, finding that customers continue to multiply small projects to improve their habitat.
Around 3:55 pm GMT, the group’s action took 3.29% at 407.60 dollars in New York.
Intel flies away
Intel took 7.90% to 25.54 dollars around 4:10 p.m. GMT after the Japanese technology investment giant, SoftBank Group, announced an investment of $ 2 billion in the American flea manufacturer, a new stage in strengthening its presence in the United States.
Defense falls
The values of European defense fell in concert on Tuesday, the Ukrainian head of state having specified that kyiv had offered to provide American weapons for $ 90 billion, the Financial Times evoking a budget of 100 billion funded by the Europeans.
If “the rearmament of Europe to counter the threat of a new Russian assault should continue to support defense companies”, “commitments of European leaders” obtained by Trump “to acquire more American equipment (give) the advantage to American groups”, explains Susannah Streeter, of Hargreaves Lansdown.
In Paris, Thales fell 4.11% and Dassault Aviation of 3.10%. In Frankfurt, Rheinmetall sold 4.85% and Hensoldt 9.51%. SAAB plumped 7.02% in Stockholm and Leonardo 10.16% in Milan. Finally, BAE Systems released 3.88% around 3:50 p.m. GMT.
Pressure oil
On the oil side, “the markets are also starting to assess the potential consequences of a partial or total relaxation of American sanctions on Russian energy” whose oil, notes Ole R. Hvalby, raw material analyst at Skandinaviska Enskild Banken (SEB).
Around 3:50 p.m. GMT, the Brent of the North Sea barrel gave up 0.66% to 66.16 dollars. Its American equivalent, the barrel of West Texas Intermediate, lost 0.93% to 62.83 dollars.
