UE-USA Agreement: BEFUL MARCHES, Enthusiasm falls

Around 2 p.m., Paris took some 0.11% and Milan 0.64%. Therefore, London fell 0.24% and Frankfurt by 0.12%. Furthermore, In Zurich, SMI rises 0.34%. Similarly,

The global scholarships evolve without entering the day after the commercial agreement established between the European Union. However, the United States, the enthusiasm giving way to disillusionment as investors digest the details of the announcements.

Around 12:00 p.m. Furthermore, GMT, the Paris Stock Exchange took some 0.11% and Milan 0.64%. Similarly, London lost 0.24% and Frankfurt 0.12%. Moreover, In Zurich, the SMI earned 0.34%.

At Wall Street, the term contracts of the three main clues suggested a slightly increased opening.

Donald Trump. In addition, the president of the European Commission Ursula von der Leyen concluded in Scotland a customs agreement providing that European products exported to the United States will be taxed at 15%. Furthermore, Europeans ue-usa agreement: beful marches, enthusiasm hope to avoid a commercial escalation at this price.

“Investors love the certainty. and they have just received a good dose”, the long -awaited trade agreement “thus defusing months of growing threats”, comments John Plassard, head of the investment strategy at Cité Gestion Private Bank.

But it already leaves a bitter taste. French Prime Minister François Bayrou accused Europe of “submitting” to the United States, regretting a “dark day”.

For the Hungarian leader Viktor Orban. a very critical of Brussels, Donald Trump made only a bite of the European Commission.

The Spanish Prime Minister. the socialist Pedro Sánchez, said on Monday that he “(argued)” the trade agreement concluded the day before by the United States and the EU, but “without any enthusiasm”.

“It looks a bit like a capitulation,” said Alberto Rizzi, analyst with the European Council for Foreign Affairs (ECFR).

Opposite, the European Union firmly defends its trade agreement. ue-usa agreement: beful marches, enthusiasm “I am 100% sure that this agreement is better than a trade war with the United States. ” said European Commissioner Maros Sefcovic, who has negotiated for months with the Trump administration.

European exporters feared the establishment of American taxes by 30% from August 1.

“The agreement could be the subject of pressures: EU member states must still approve it. Additionally, ” recalls Kathleen Brooks, director of research at XTB.

The week will also be marked by numerous publications of results of companies. economic indicators but also of monetary decisions of central banks, including that of the American Federal Reserve (Fed) expected on Wednesday after a two -day meeting.

U-turn for the automobile

If the European automotive sector has started the session in the green. the enthusiasm already seems to fall back.

The trade agreement between the United States. the EU certainly marks a “de-escalation” and presents itself as ue-usa agreement: beful marches, enthusiasm “an important step to limit the serious uncertainty surrounding transatlantic trade relations in recent months”, welcomed the European lobby of car manufacturers (ACEA) on Monday.

But the director general of the ACEA. Sigrid de Vries, also pointed out “the negative effect for the sector” of customs duties at 15%.

They will cost “billions each year to German automobile companies. ” said Hildegard Mueller, president of the Federation of German Automobiles VDA.

“Although customs duties on cars have gone from 25 % to 15 %, the question remains whether 15 % is low enough,” questions Kathleen Brooks.

Around 12 noon GMT in Frankfurt, BMW (-2.20%), Mercedes (-1.55%), Volkswagen (-2.00%) and Porsche (-0.62%) lost ground after starting the session in the green.

Same thing in Paris, Stellantis yielding 1.35%, and Stockholm, with Volvo down 0.24%.

Defense sees red

“Defense actions are also in difficulty. after the EU’s commitment to buy American ue-usa agreement: beful marches, enthusiasm military equipment,” notes Ms. Brooks.

Because in addition to the customs duties imposed on European products. the EU engages at $ 750 billion in energy purchases and 600 billion additional investments in the United States “as well as to acquire US military equipment,” she notes.

Around 12:00 p.m. GMT, in Paris, Thales fell 3.12%. In Frankfurt, Rheinmetall gave up 1.67% and Hensoldt 3.15%. SAAB lost 2.82% in Stockholm and Leonardo 0.88% in Milan.

Spirits in blurring

The uncertainty has not been completely lifted for certain sectors. the exporters of wine and spirits having to benefit from an exemption but still awaiting the details.

In Paris, the giant Pernod Ricard lost 2.35% and Rémy Cointreau 2.71% around 12:00 p.m. GMT. In Milan, Campari gave up 1.78%.