A woman descends Wall Street to New York
seem Mara Vilcu
Wall Street is expected to rise on Friday and European scholarships are in dispersed order at mid-session, while the markets digest a volley of financial results and are preparing for a crucial week, with the deadline of August 1 set by the American president to sign trade agreements with his partners. Futures in New York indices report an opening of Wall Street up 0.14% for Dow Jones, 0.12% for Standard & Poor’s-500 and 0.03% for NASDAQ. In Paris, the CAC 40 earns 0.08% at 7,824.46 points around 10:38 GMT. In Frankfurt, the Dax fell by 0.58% and in London, the FTSE 100 yields 0.35%.
The Eurostoxx 50 index is down 0.30%, the FTSEUROFirst 300 abandons 0.32%and the Stoxx 600 loses 0.38%.
This Friday, business results and commercial negotiations are the two main subjects that concern investors. Next week, the deadline set by Donald Trump for commercial negotiations on August 1, should put pressure to reach agreements.
The European Union (EU), which approved on Thursday a set of retaliatory commercial measures up to 93 billion euros targeting American products in the absence of a commercial agreement with Washington, would be close to an agreement which would provide for basic customs duties of 15% on imported European products.
On Thursday, the European Central Bank (ECB) opted for the status quo and left its rates unchanged, a decision largely anticipated by investors. Christine Lagarde, president of the ECB, said Thursday that, even if inflation prospects were more uncertain than usual due to trade tensions and the appreciation of the euro, the price forecasts remained anchored around 2% both in the short term.
In addition, the White House tenant said Thursday that he would not dismiss the president of the American Federal Reserve (Fed), Jerome Powell, after a visit to the headquarters of the American Central Bank. “It would be an important decision and I don’t think it’s necessary,” Donald Trump said to journalists after his visit to the institution’s headquarters. “I would like him to lower interest rates,” he added.
The Fed monetary policy decision and Amazon, Apple, Meta and Microsoft ‘results will also be on the market menu next week.
The values to follow at Wall Street [L8N3TM0JI]
Values in Europe
The markets react on Friday to the various results of companies across Europe. The actions of French luxury are progressing, analysts evoking the measures taken by LVMH and hopes for the recovery of Chinese demand. The LVMH title advances 3.29%. Kering advances 4%, Hermes takes 1.28%.
In Germany, Puma abandons 18.03% after having reduced his forecasts due to American customs duties.
In Italy, Eni is in small increase (+0.61%), the Italian oil group citing the drop in the price of black gold as the main explanation to the decrease of 25% over a year of its profit in the second quarter.
Natwest takes 1.87% after announcing an equity buyout program of $ 1 billion.
RATE
German yields at 10 years old reached their highest level in four months on Friday, while the loss of conviction of investors as to a greater drop in interest rates by the European Central Bank accentuated the flight of refuge values, favored by optimism aroused by commercial negotiations between the United States and the European Union.
The yield of Treasuries at ten years takes 0.6 base points at 4.4138%. The two -year -old loses 0.2 base point at 3.9232%.
The yield of the German Bund at ten years advances from 4.0 base points to 2.7340%. The two years earned 2.6 base points at 1.9370%.
CHANGES
The dollar is increasing on Friday after the BCE monetary policy decision on Thursday and before the meeting of the American Federal Reserve (Fed) next week, but is expected to record its strongest weekly decrease in a month.
The dollar earns 0.34% against a basket of reference currencies. The euro lost 0.2% to $ 1.1731.
The pound sterling lost 0.38% against the dollar, and 0.12% against the euro, after retail sales in the United Kingdom rebounded stronger than expected in June, according to the announcement made Friday by the National Statistics Office (ONS).
OIL
Oil prices are in small increases on Friday with optimism around commercial negotiations compensating for the probable increase expected from the black gold production of Venezuela.
The Brent advances 0.26% to 69.36 dollars per barrel and the American light crude (West Texas Intermediate, WTI) takes 0.27% at 66.21 dollars.
(Some data may accuse a slight offset)
(Written by Mara Vîlcu, edited by Augustin Turpin)
