A sign indicating Wall Street is visible in the New York financial district
seem Mara Vilcu
Wall Street is expected up on Tuesday and European scholarships are advancing mid-session, while investors are waiting for the results of several companies and the monetary policy meeting of the American Federal Reserve (Fed), while continuing to analyze the agreement signed on Sunday between the European Union (EU) and the United States.
Futures in New York indices report an opening of Wall Street up 0.04% for Dow Jones, 0.26% for Standard & Poor’s-500 and 0.45% for NASDAQ.
In Paris, the CAC 40 earns 1.45% at 7,914.06 points around 10:21 GMT. In Frankfurt, the Dax advances 1.30% and in London, the FTSE 100 rises by 0.66%.
The Eurostoxx 50 index is up 1.22%, the FTSEURofirst 300 wins 0.88%and the Stoxx 600 advance of 0.86%.
This Tuesday, customs duties are still at the center of attention, while the European Union (EU) and the United States concluded a trade agreement on Sunday, establishing customs duties of 15% on most of the products of the 27 member states of the block.
The framework agreement between the EU and the United States, however, remains at this stage still vague and several French ministers have insisted on the need to improve it. After the initial relief linked to the agreement, the session on Monday was volatile and the euro was penalized.
The tenant of the White House announced on Monday global customs duties from 15% to 20% for countries which do not negotiate. In addition, expectations were high as to a potential advance in the negotiations between the United States and China, while US and Chinese officials started on Tuesday in Stockholm a second day of discussions aimed at solving trade disputes and prolonging their truce in terms of customs duties.
In addition to customs duties, the Fed begins this Tuesday a new two -day monetary policy meeting which has so far prompted it to opt for the status quo because in particular of the uncertainties linked to customs duties.
Investors will also focus their attention on business results in Europe and the United States, notably with Stellantis, Kering, Astrazeneca, UPS, or Visa on the program. In terms of economic data, we are waiting for the confidence index of the American consumer measured by the Conference Board and the Jolts survey on job offers.
The values to follow at Wall Street [L8N3TQ0QH]
Values in Europe
In Paris, Amundi fell by more than 6% due to a result before tax lower than expectations in the second quarter despite good collection.
Essilorluxottica climbs more than 6% after the group announces by an increase of 7.3% of its turnover in the second quarter. TF1 (+5.24%) is also well oriented after confirmation of its annual prospects, just like Rexel which reported an increase in its sales in the second quarter and which advances by 5.86%.
In addition, Stellantis, who confirmed Tuesday a net loss of 2.3 billion euros in the first half, yields 1.95%.
In the rest of Europe, Astrazeneca advances 2.91% after having exceeded expectations on Tuesday with the profit of the second quarter. Barclays is also in the green after having published a half -yearly than expected half -yearly, advances by 1.16%.
Philips flies to 9.86%, the Dutch group having lowered its forecasting the impact of customs duties following the trade agreement between the United States and the European Union.
The Swiss manufacturer of construction chemicals SIKA, on the other hand, decreases by 3% after having reported on Tuesday a drop in sales and profit under the first half.
RATE
German yields are progressing slightly on Tuesday, investors focus on the next Fed and Bank of Japan monetary policy meetings, as well as a series of key economic data.
The yield of Treasuries at ten years loses 1.6 base points at 4.4038%. The two -year -old abandons 0.2 base points at 3.9201%.
The yield of the German Bund at ten years is advancing from 0.6 base points to 2,6950%. The two years earns 1.6 base points at 1.9180%.
CHANGES
The euro has reached its lowest level on Tuesday for a month against the dollar, investors realize that the terms of the trade agreement between the EU and the United States favored the United States and brought only few positive elements for the economic prospects of the euro zone.
The dollar earns 0.13% against a basket of reference currencies.
The euro lost 0.12% to $ 1.1574.
OIL
Oil prices are in small increase Tuesday, thanks to the optimism aroused by a possible appeasement of the trade war between the United States and their main trade partners and the increased pressure exerted by President Donald Trump on Russia about the war in Ukraine.
The Brent advances 0.5% to 70.39 dollars per barrel and light American crude (West Texas Intermediate, WTI) gains 0.51% at 67.05 dollars.
Main economic indicators at the July 29 agenda:
Pays GMT indicator previous consensus period
USA 2:00 p.m. Consumer confidence July 95.0 93.0
USA 2:00 p.m. job offers (June 7,500 survey 7,769
Jolts) MLNS MLNS
(Some data may accuse a slight offset)
(Written by Mara Vîlcu, edited by Augustin Turpin)
