(Reuters) – Wall Street is expected to decrease on Friday and European scholarships are backing up at mid -session, while investors digest the latest news from the commercial front, also analyzing a series of results, including those of Amazon, who disappointed expectations Thursday, before the publication of important economic data for the markets.
Futures in New York indices report an opening of Wall Street down 0.96% for Dow Jones, 1% for Standard & Poor’s-500 and 1.14% for NASDAQ.
In Paris, the CAC 40 lost 1.94% to 7,621.49 points around 10:25 a.m. GMT. In Frankfurt, the Dax fell by 1.59% and in London, the FTSE 100 yields 0.51%.
The Eurostoxx 50 index is down 1.75%, the FTSEUROFirst 300 lost 1.22%and the Stoxx 600 abandons 1.20%.
The American administration presented an imposing decree of customs duties from 10% to 41% on Friday on Friday to imports from 69 countries, US President Donald Trump having warned that partners who would not have managed to conclude an agreement before Friday would see their property struck by greater from greater surcharge.
Customs duties have been set at 25% for Indian exports to the United States, 20% for those of Taiwan, 19% for those of Thailand and 15% for those of South Korea.
Donald Trump has also increased duties on Canadian products from 25% to 35%, for all products not covered by the trade agreement between the United States, Mexico and Canada, but granted Mexico a 90-day stay to negotiate a broader trade agreement.
Investors are also expecting for the ability of the United States and China to conclude an agreement before the end of their commercial truce, on August 12, in order to avoid the taxation of customs duties of 55%.
“There are not really winners here,” said Charu Chanana, chief investment strategist at Saxo in Singapore. “The American administration can claim a political victory, having implemented, but on the economic level, the impact will be felt in the form of an increase in prices, a disruption of the supply chains and a slowdown in growth,” said the strategist.
Investors also learned of Amazon’s results on Thursday, the group having communicated a sales forecast for the current quarter greater than expectations, but the dematerialized computer division (“Cloud”) of the American giant, Amazon Web Services (AWS), was not up to high expectations in the second quarter, during which its rivals did better than anticipated by Wall Street.
The markets are awaiting key economic data, including employment in the United States and the confidence index of the University of Michigan.
Values in Europe
The French insurance group AXA sold 6.21% after reporting a net profit below expectations for the first half of 2025.
Elsewhere in Europe, Daimler Truck Holding AG is falling by 5.56%, the German truck manufacturer having revised a key profit forecast Thursday evening for a key profit for 2025, which constitutes the latest warning to a large name in the automotive sector in a commercial context marked by American customs duties.
Novo Nordisk sold 1.54% while US President Donald Trump sent a letter to pharmaceutical companies to urge them to reduce the prices of medicines.
RATE
American returns are up on Friday.
The yield of Treasuries at ten years earns 4.0 base points at 4.4000%. The two years advances from 0.4 base point to 3.9552%.
The yield of the German Bund at ten years increased by 2.4 base points to 2.7160%. The two years earns 1.0 base points at 1,9560%.
CHANGES
The dollar goes to its best weekly performance in almost three years in the face of other major currencies, after US President Donald Trump has imposed new customs duties on dozens of business partners.
The dollar earns 0.18% against a basket of reference currencies.
The euro lost 0.06% to 1.1408 dollars.
OIL
Oil prices are down on Friday, operators, in particular evaluating the impact of new American customs duties that could slow down economic activity and reduce the growth in global fuel demand.
Brent loses 0.33% to $ 71.46 per barrel and American light crude (West Texas Intermediate, WTI) abandons 0.42% to 68.97 dollars.
Main economic indicators at the August 1 agenda:
Pays GMT indicator previous consensus period
USA 12:30 p.m. July 110,000,147,000 job creations
Unemployment rate 4.2% 4.1%
Average hourly salary +0.3% +0.2%
– over one year +3.8% +3.7%
USA 2:00 p.m. ISM index Manufacturing July 49.5 49.0
USA 2:00 p.m. July confidence index 62.0 61.8*
The University of Michigan
(final)
(Some data may accuse a slight offset)
(Written by Mara Vilcu, edited by Augustin Turpin)
seem Mara Vilcu
