Paris takes 0.70%, Frankfurt 0.74%, London 0.23% and Milan 0.72%. In Zurich, the SMI rose by 0.47%.
Oil prices were dragged down Thursday after Donald Trump said he wanted to “ask Saudi Arabia and OPEC to lower the prices” of black gold during an online speech to the World Economic Forum from Davos.
“I’m going to ask Saudi Arabia and OPEC to lower the cost of oil, and I’m frankly surprised that they didn’t do it before the election. Not doing so wasn’t really a sign of love. If the price was lower, the war in Ukraine would be over immediately,” said Mr. Trump during an online speech to an audience of big bosses at the World Economic Forum in Davos.
On the oil market, around 4:50 p.m. GMT, the price of a barrel of Brent from the North Sea fell 1.01% to $78.20. Its American equivalent, a barrel of West Texas Intermediate, fell 1.21% to $74.53.
The stock markets were mainly trending upwards.
On Wall Street, only the Nasdaq declined, by 0.25%, while the Dow Jones gained 0.60% and the S&P 500 gained 0.12%.
In Europe, the session was positive: Paris gained 0.70%, Frankfurt 0.74%, London 0.23% and Milan 0.72%. In Zurich, the SMI gained 0.47%.
The European session was mainly wait-and-see, with Donald Trump’s speech only starting at 4 p.m. GMT, shortly before the Old Continent’s markets closed (at 4:30 p.m. GMT).
The champion of “America First” reiterated his threats of increases in customs duties and increased protectionism towards major trading partners.
“My message to all businesses around the world is simple: Come make your products in America and you will benefit from some of the lowest taxes in the world. But if you don’t produce them in the United States, which is your right, then, quite simply, you will have to pay customs duties,” Mr. Trump said during his speech.
He also “demanded that interest rates be lowered immediately,” adding that they “should fall everywhere in the world.”
The greenback strengthened, advancing 0.38% to 1.0417 dollars per euro. Bitcoin fell 1.67% to $105,002.
-On the bond market, the yield on ten-year US government bonds stood at 4.65% compared to 4.61% the day before at closing, “which is still well below its high rate (4.80% ) last week,” said Mr. O’Hare, analyst at Briefing.com.
Semiconductors dropped
Companies in the semiconductor sector are everywhere in the red, let down after South Korean giant SK Hynix, supplier to American chip giant Nvidia, published quarterly results considered insufficiently impressive.
In New York, Nvidia fell 0.90%, Advanced Micro Devices 0.55% and Broadcom 1.21%. In Europe, ASML lost 4.38%, BE Semiconductor Industries 5.02% and ASM 2.74%.
The markets were also digesting some other company results, such as those of American Airlines, which despite results above expectations in the fourth quarter, was penalized for forecasts considered disappointing. The title fell by 7.20% in New York.
Black day for Puma
German sportswear giant Puma plunged 22.81% in Frankfurt after publishing disappointing preliminary annual results.
The company reported an operating profit at the same level as the previous year (+622 million euros) and a net profit of 282 million euros, down from 305 million euros. euros in 2023 and less than expected by analysts.
In this context, the group announced the launch of a “cost reduction” program.
Elsewhere on the European stock market, JD Sports dropped 1.54%, Marks & Spencer 1.92%, H&M 0.70% and Associated British Foods, which owns Primark, dropped 2.97%.
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