Paris climbs by 2.24%, Frankfurt by 1.56% and Milan by 1.91%. London advances, more timidly, by 0.31%. In Zurich, the SMI rises by 0.58%.
Stock markets are focused on US trade policy on Monday after Donald Trump denied reports from the Washington Post daily according to which the president-elect was considering a more limited increase in customs duties than expected.
Relying on three sources close to the matter, the Washington Post argued that the increases in import customs duties, announced by Mr. Trump during his electoral campaign, would concern all countries but would be applied only to certain sectors. sensitive, for example related to national security.
“It’s false,” the president-elect denied on his Truth Social network.
“The Washington Post article, citing so-called anonymous sources that do not exist, falsely states that my pricing policy will be reduced. This is false. The Washington Post knows this is false. This is a new example of ‘fake news’,” wrote the future occupant of the White House.
Despite Mr. Trump’s publication, the European and American stock market indices remained in the green.
“The market is now accustomed to Trump’s modus operandi. During its first term, it often happened that the Trump administration corrected or denied information so as not to prove the media right, although ultimately the information was proven true a few months later, commented Alexandre Baradez, responsible for market analysis at IG France.
In Europe, Paris jumped 2.24%, Frankfurt 1.56% and Milan 1.91%. London advanced, more timidly, by 0.31%. In Zurich, the SMI gained 0.58%.
On Wall Street, around 4:50 p.m. GMT, the Nasdaq gained 1.78%, the S&P 500 gained 1.28% and the Dow Jones gained 0.84%.
At the same time, the single European currency regained color against the American greenback: the euro gained 0.87%, to 1.0398 dollars for one euro.
Elsewhere on the foreign exchange market, the Canadian dollar gained 0.60% against the US dollar, to 1.4362 US dollars per Canadian dollar, in the wake of the announcement of the resignation of Canadian Prime Minister Justin Trudeau.
“I intend to resign as party leader and prime minister once the party has chosen its next leader,” he told reporters in the capital Ottawa.
Nearly ten years after coming to power, Mr. Trudeau, 53, had been under pressure for weeks, with legislative elections looming and his party at its lowest in the polls.
Tech takes center stage
The world’s main technology companies were celebrating on Monday, helped in particular by the drop in the dollar after the episode on American customs duties and also by investment announcements from the American giant Microsoft, explained Mr. Baradez of IG France.
Friday, Brad Smith, president of the IT giant Microsoft (+2.05%), announced that he wanted to spend $80 billion over one year to build data centers necessary for the deployment of artificial intelligence models and applications ( AI) generative.
In New York, Nvidia jumped 4.79%, Apple 1.12%, Alphabet 2.93% and Qualcomm 4.31%.
In Europe, ASML soared 8.69% in Amsterdam, STMicroelectronics 7.86% in Paris and Infineon 8.18% in Frankfurt.
Oil and bitcoin on the rise
Around 4:50 p.m. GMT, the price of a barrel of Brent from the North Sea rose 0.35%, to 76.78 dollars, and that of its American equivalent, a barrel of West Texas Intermediate, climbed 0.35%, to 74 .22 dollars.
Bitcoin gained 3.53%, to $101,961.
