Wall Street expected mixed, uncertainty weighs – 04/02/2025 at 13:37

The Palais Brongniart, former Paris Stock Exchange
Wall Street is expected without direction Tuesday at the opening and European scholarships hesitate at mid-session, uncertainty around American trade policy weighing on the feeling of investors.
Futures on New York indices suggest an opening of Wall Street uncertain, the Dow Jones appearing to be down 0.23%, while the Standard & Poor’s 500 crosses 0.11% and the Nasdaq advances 0 , 04%.
In Paris, the CAC 40 rises from 0.23% to 7,873.15 points to 11.45 GMT. The Dax in Frankfurt is strengthened by 0.04%, while the FTSE in London declines 0.15%.
The pan-European FTSEUROFIRST 300 index loses 0.07%, the Eurostoxx 50 wins 0.29%and the stoxx 600 abandons 0.01%. The United States finally postponed the establishment of customs duties on Monday ‘Contrary to Mexico and Canada, reassuring investors regarding the risks of a generalized trade war.
However, the increase in prices targeting Chinese imports has been maintained, triggering in turn a response from Beijing. China intends to impose customs duties on imports of coal and natural gas from the United States, as well as In oil and agricultural equipment, to open a competition survey against Google and control its exports of certain critical products.
For moderate that is the response of China, the strong uncertainty on the trajectory of world trade limits the appetite for the risk.
“The markets will have to get used to the Trump style and volatility. The announcements of the weekend created the surprise, and triggered a week start in Risk-Off mode, with a VIX which took 4 points at the opening. Then , the announcement of obtaining a stay of a month, first by Mexico, then by Canada, allowed a rebound start “, summarize the strategists of Natixis.
The markets will also be attentive to the JOLT investigation of the postal openings, the resistance of the labor markets encouraging the federal reserve to maintain its high rates.
The values to follow at Wall Street
Palant Technologies announced Monday planning a quarterly and annual turnover higher than the estimates of Wall Street, betting on a robust request for its data analysis software and services.
Values in Europe
Scor advances 2.9% after having reported on a 9.6% increase in reinsurance premiums on Tuesday, to 5.27 billion euros, against the growth of its specialized branches and its alternative solutions .
TomTom fell by 14% after announcing a 2% drop in its annual turnover on Tuesday to 574.4 million euros and says he expects a drop in 2025 due to the slowdown of the automotive market worldwide.
Siltronic, a German supplier of semiconductor materials, announced on Tuesday a 7% drop in its annual preliminary sales, and fell by 10.8%.
Vodafone abandoned 7.2% after reporting a new deterioration in its performance in Germany, its first market, as its third tax quarter.
UBS declines by 6% despite a net profit above expectations, the extent of the share buyback program that has disappointed.
Infineon jumped 9.3% after revised upwards its forecast of turnover on Tuesday for the whole year.
Dassault Systems posted an annual turnover slightly above analysts on Tuesday, citing the good performance of its software branch, and takes 6%.
RATE
The yields bounce, the demand for secure assets decreasing.
The yield of the German ten years is strengthening from 2.7 bp to 2.415%, that of the rate at two years rises from 3.1 pb to 2.068%.
Treasury’s yield at ten years takes 3.6 pb to 4.5794%, while the two -year title yield is stable at 4.2594%.
CHANGES
The dollar fell back after its strong increase on Monday, triggered by fears around a generalized tariff war.
The dollar fell 0.36% against a basket of reference currencies, the euro crosses 0.19% to 1.0324 dollars, and the Sterling book lost 0.3% to 1.2413 dollars.
OIL
Brut is declining, the United States having postponed the establishment of customs duties against imports from Canada and Mexico, the country’s leading oil suppliers. The OPEC could also increase its production from April, which weighs on the courses.
Brent fell 1.11% to $ 75.12 a barrel, the American light crude (West Texas Intermediate, WTI) weakens 1.82% to $ 71.83.
(Written by Corentin Chappron, edited by Kate Entringer)