Around 9:30 am, in Europe, Paris earned 1.98 %, Frankfurt 2.07 %and Milan 1.93 %. London took 1.88 %.
In Asia, in the last exchanges, Hong Kong earned 2.03 % and Shanghai 0.73 %. Tokyo ended up 1.18 %.
“A relief”
“The new week begins on relief” because “the United States will exempt electronic products”, most of them made in China, “main customs measures,” said Ipek Ozkardeskaya, analyst for Swissquote Bank.
In the midst of a trade war with Beijing, the United States has finally exempted this weekend smartphones, computers and other electronic products from recent customs surcharges imposed last week by President Donald Trump.
The new customs duties on Chinese products had been raised to 145 %, as part of the vast protectionist offensive led by Washington for several weeks, making the markets very volatile.
However, the markets should remain feverish: Washington has indeed insisted on the “temporary” nature of the exemptions and which he still intended to tax the electronics.
The US leader also said that he would announce new surcharge on semiconductors in the United States in the week “in the week”, which “will be in the future not too distant”.
“No one is drawn […]especially not China which, by far, treats us most badly, ”thundered Donaldtrump on its Truth social network.
“The great uncertainty persists in the financial markets,” says Andreas Lipkow, an independent analyst.
Investors start the week “with confusion, nervousness and concern, ready to sell at the slightest sign of fragility”, abounds Stephen Innes, of SPI Asset Management.
-Semiconductor companies jump
European semiconductor groups benefit from the announcement of temporary customs surcharge exemptions in the United States.
On the stock market, companies in the sector were enjoying it. In Paris, Soitec took around 9:20 am 6.49 % and Stmicroelectronics 2.18 %. Infineon earned 3.22 % in Germany and ASML 3.20 % in Amsterdam.
“At first glance, this constitutes a significant relief for American consumers” and the electronics sector “, but the reaffirmation by Donald Trump of his desire to ultimately impose distinct rights in this sector” is a new example of a political announcement sowing significant confusion “, explains Michael Wan, MUFG analyst.
The dollar continues its fall
The dollar continues its decline, at more observed levels for several years. The greenback suffers from commercial climbing and the reversals of Donald Trump, whose policy undermines American credibility with the players in the exchange markets.
For the past month, the dollar, long considered as an asset of trust, has lost more than 5 % compared to the European single currency.
“Persistent political confusion” feeds “an increasing loss of confidence in American political decision -makers,” said Win Thin, by Brown Brothers Harriman.
Around 9:20 am, the greenback took 0.40 % to $ 1.1404 for one euro.
Appetite is a bit of American obligations
The desire for purchase is somewhat back on American state loans, whose interest rates at ten years retreated on Monday around 9:20 am to 4.48 %, after having had a peak at 4.58 % on Friday.
The United States Treasury bills, long considered to be refuge values, have been strongly sold in recent days, due to the growing loss of investors to the American economy, which has increased their interest rates.
The gold, which has largely benefited from uncertainty in recent weeks, leaping from record record, resumed its breath on Monday, with a decline of 0.25 %, at 3.229.56 dollars per 9:20.
