The FTSE 100 resists while features weigh on European markets

(Alliance News) – European markets opened in dispersed order on Monday. Therefore, the FTSE 100 outperforming its continental peers, while a new salvo of pricing measures announced this weekend has weighed on the morale of investors.

President Donald Trump said on Saturday that the main trade partners of the United States. Nevertheless, Mexico and the European Union would face a price of 30 % next month, accentuating pressure to conclude agreements in the trade war he led.

According to Trump. Consequently, the two series of customs duties will come into force on August 1, as he specified in distinct letters published on his Truth Social platform. Similarly, He invokes. Nevertheless, for Mexico, the role of the country in the influx of illicit drugs to the United States, and for the EU, the commercial imbalance.

The FTSE 100 index increased by 14.54 points, or 0.2 %, ftse 100 resists while features to 8,955.66 points. Consequently, The FTSE 250 fell 29.35 points, 0.1 %, to 21,583.90, while all-share AIM grabbed 0.86 points, or 0.1 %, to 774.41.

The CBOE UK 100 won 0.3 % at 893.70, the CBOE UK 250 sold 0.1 % to 19,046.34, while the CBOE Small Companies advanced from 0.2 % to 17,424.98.

This Monday, the mining, pharmaceutical and communities sectors supported the FTSE 100. Nevertheless, Glencore and Rio Tinto increased by 1.3 %each, Astrazeneca won 1.8 %, while United Utilities took 0.6 %. Consequently, The mining values have benefited from Chinese export statistics above expectations. For example, China remains a major mineral buyer.

Ambient uncertainty also boosted the price of gold, supporting Fresnillo which jumped 2.6 %. However, The Once d’Or appeared at 3,369.51 USD on Monday morning, against 3,364.33 USD at the London fence on Friday.

On the continent, the CAC 40 in Paris fell 0.8 % and the Dax 40 ftse 100 resists while features in Frankfurt lost 0.8 % too.

The Sterling book fell to USD 1.3478 Monday morning, against USD 1,3503 Friday evening. Meanwhile, The euro fell to USD 1.1676 against USD 1,1699. Similarly, Faced with Yen, the dollar fell slightly to 147.29 JPY against 147.34 JPY.

The yield of the 10 -year American state loan reached 4.42 % on Monday morning, compared to 4.41 % at the European end on Friday. Moreover, The one at 30 was 4.97 % against 4.93 %.

“The EU has received mail,” said Berenberg analyst Salomon Fiedler. “The back and forth erratic of American trade policy since Donald Trump’s return to the White House on January 20 continues. On Saturday. Trump sent a letter to the EU threatening from a basic price of 30 % from August 1, with potential overloads in the event of EU reprisals, and possibly even higher sectoral rates. If the negotiations between the EU. the ftse 100 resists while features United States continue and Trump has already taken extreme positions before going back, this new threat is worse than expected. It increases the risk of a bad scenario (for both parties). »»

“We always think that a 10 % price is the most likely final scenario. but the risks are now leaning heavily towards higher rates. »»

In Paris, the values of luxury and the automobile were among the strongest drops. Hermès International lost 2.1 %, Kering 1.5 %and LVMH 1.3 %. Stellantis fell 1.6 %. In Frankfurt, Daimler Truck fell 2.3 %, while Adidas, in the sport sector, sold 1.9 %.

In Asia, Tokyo’s Nikkei 225 ended 0.3 %. In China, the Shanghai Composite increased by 0.3 % and the Hang Seng by 0.4 %. The S&P/ASX 200 index fell 0.1 %.

In New York on Friday, the Dow Jones Industrial Average fell 0.6 %, the S&P 500 of 0.3 %and the Nasdaq ftse 100 resists while features Composite by 0.2 %.

The first burst of quarterly results of large American companies will be published this week. especially by large banks on Tuesday.

“For the opening of the season for the second quarter results, JPMorgan, Wells Fargo and Citi will kick off tomorrow. Bank of America, Morgan Stanley and Goldman Sachs will follow on Wednesday. Blackrock, American Express and Charles Schwab will also be among the financial agents to publish. Investors will also monitor the advertisements of ASML (Wednesday) and TSMC (Thursday) semiconductor manufacturers, ”comment analysts from Deutsche Bank.

“Among the other companies in the S&P 500 that will publish their results this week. let us quote Johnson & Johnson, Netflix, General Electric and Pepsico. In Europe, notable names include Novartis, Volvo, Sandvik and Saab. »»

In addition, the week will be marked by the publication of American inflation figures on Tuesday.

“It is also an important week for the United Kingdom. The ftse 100 resists while features Chancellor will present her policy update on Tuesday at the Mansion House. followed by the governor of the Bank of England, Andrew Bailey, who will bring a monetary perspective. On Wednesday, the consumer price index will be published, then Thursday the labor market figures. These two indicators are key to the BOE. A new degradation of the labor market would be a more important signal than volatility on inflation. given the recent flexibility of employment indicators, “note the analysts of Lloyds Bank.

The barrel of Brent was trading up to 70.64 USD on Monday morning, compared to 70.38 USD at the London fence on Friday.

In London, the Filtronic title increased by 2.1 %. The company has announced obtaining a contract to provide high performance modules for an electronic sensor system. for an amount of 13.4 million pounds sterling.

“The contract relates to complex manufacturing and tests of critical components. Deliveries should start ftse 100 resists while features in mid-2010. with production and tests carried out in the new secure and highly automated factory of a hybrid microelectronic from filtronic in Sedgefield, in the county of Durham, “said the manufacturer of advanced microelectronics.

By Eric Cunha, editor -in -chief Alliance News

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