The entry of Wall Street of the New York Stock Exchange
Par Diana Mandia
Wall Street is expected to increase, while European scholarships are back slightly on mid-session on Monday, investors awaiting a series of key data and keeping an eye on commercial negotiations when approaching the deadline for the entry into force of American customs duties.
Futures in New York indices report an opening of Wall Street up 0.52% for the Dow Jones, 0.45% for Standard & Poor’s-500 and 0.63% for NASDAQ, against the backdrop of optimism concerning commercial negotiations. In Paris, the CAC 40 grabbed 0.02% to 7,692.96 points around 11:17 GMT. In Frankfurt, the Dax fell 0.23% and in London, the FTSE 100 yields 0.07%.
The Eurostoxx 50 index is down 0.17%, the FTSEURofirst 300 lost 0.14%and the Stoxx 600 gives 0.10%.
The European scholarships are evolving on a prudent note at mid-session pending the publication of figures for German inflation later Monday, which will be followed by data from the euro zone on Tuesday, while digesting recent optimism concerning possible trade agreements with the United States to avoid the taxation of massive customs duties.
Canada has canceled its digital services (TSN) targeting technological companies, including the Americans, on Sunday evening, in order to advance trade negotiations that Washington had interrupted on Friday due to the entry into force of this measure.
The British government also said on Monday that the trade agreement with Washington to reduce surcharge on British cars and plane parts had entered into force, while the United States and China announced an agreement on land expeditions to the United States last week, a question that had further aggravated the already tense relations between the two major world powers.
However, all this does not yet clarify the resolution of the commercial dispute between the United States and the European block.
“I do not think there is news that changes the game regarding EU customs duties in the near future, but this could be a short -term source of volatility,” said Iain Barnes, director of investments at Netwealth.
On the macroeconomic front of a busy week, investors learned on Monday that retail sales in Germany had dropped unexpectedly in May over a month, which showed hopes on the growth of the first economy in the euro zone in the second quarter.
The figures for German inflation in June are expected at 12:00 p.m. GMT.
Values ​​in Europe
In Paris, Worldline rebounds 12% after tweaking Friday with the opening of a Belgian justice survey on a local subsidiary.
Gecina takes 2.6% after Deutsche Bank noted her recommendation on the value to be “buy” against “keep”.
Elsewhere in Europe, renewable energy companies are retreating, investors monitoring the evolution of the bill for tax reductions and expenditure in the United States, which could gradually eliminate solar, wind and energy tax credits by 2028.
Vestas Perhaps 5,2%, EDP renovated 4%, orsted 2.5%.
Zalando advances 4.6% after Jefferies started monitoring the German online retailer with a recommendation to “buy”.
RATE
The yields of state bonds in the euro zone are slightly retreats, investors having timidly increased bets on the rate reductions of the European Central Bank (ECB) after data on the inflation of the German Lander.
The yield of the German Bund at ten years lost 2.6 base points at 2.5720%. The two years fell from 1.7 base points to 1.8480%.
Inflation slowed down in three major German Länder in June, according to preliminary data published on Monday, which suggests that the figures at the national level expected during the day could also be downward.
In the United States, the prospect of an upcoming softening of the monetary policy of the Federal Reserve (Fed) helps the leaps of the Treasury to overcome the concerns linked to the explosion of the US budget deficit while Donald Trump’s budget bill, which he calls “Big Beautiful Bill”, is examined in the Senate.
The yield of Treasuries at ten years thus loses 3.4 base points at 4.2495%. The two years posted fell from 1.7 base points to 3.7233%.
CHANGES
The dollar continues to decrease as investors refine their forecasts in decreasing Fed rates.
The greenback yields 0.23% against a basket of reference currencies, while the euro grabs 0.06% to 1.1726 dollars.
OIL
Oil prices are down Monday against the backdrop of de-escalation of tensions in the Middle East and forecast increase in OPEC+ production in August.
The Brent fell 0.32% to 67.55 dollars per barrel and the American light crude (West Texas Intermediate, WTI) lost 0.41% to 65.25 dollars.
(Written by Diana Mandiá, edited by Augustin Turpin)
