A sign for Wall Street hangs in front of the New York Stock Exchange
Wall Street is expected to rise on Wednesday and the European stock markets are climbing mid-session, the markets being rather reassured after Trump's first measures. New York index futures suggest Wall Street opening in the green, with the Dow Jones up 0.19%, while the Standard & Poor's 500 is up 0.51% and the Nasdaq is up 0. .89%.
In Paris, the CAC 40 rose 0.85% to 7,836.79 points around 11:23 GMT. The Dax in Frankfurt strengthened by 1.17%, while the FTSE in London increased by 0.35%.
The pan-European FTSEurofirst 300 index gained 0.73%, the EuroStoxx 50 gained 0.86% and the Stoxx 600 grew by 0.71%.
Invested as the 47th President of the United States on Monday, Donald Trump is beginning to outline the policies he intends to implement during his second term, and the markets are for the moment more optimistic than expected regarding the first measures.
“The absence of any big surprise, an immediate increase in customs duties and the rather measured tone on China during the inauguration of Donald Trump have slightly relieved the markets,” declared Xavier Chapard, strategist at La Banque Postale Asset Management .
“The dollar and long-term rates have fallen a little since the start of the week and returned to their level at the start of the year, which takes some pressure off the equity markets which are generally stable.”
American stock markets are also supported by Donald Trump's first announcements concerning investments of at least $500 billion in Artificial Intelligence (AI) infrastructure in the United States.
In Europe, more accommodating declarations than expected on customs duties supported the stock markets, with the Stoxx 600 even hitting a record thanks to the search for diversification by investors who find American stocks expensive.
VALUES TO FOLLOW AT WALL STREET [L5N3OI0LK]
AI industry groups are making gains ahead of the opening after Donald Trump announced Tuesday that three major companies, including ORACLE, would invest heavily in AI infrastructure. The title took 8.8% before the opening while Arm took 5.4%, Microsoft 1.6%, Nvidia 2.5%, Palantir 2.3%.
Netflix also gained 14.4% before the opening, the group having recorded 18.9 million new subscribers in the fourth quarter, far beating Wall Street expectations.
VALUES IN EUROPE
-Adidas gained 6.7% on the Frankfurt Stock Exchange after preliminary results for the fourth quarter published on Tuesday, which exceeded expectations the day before. The French electrical equipment producer Schneider Electric, which works in particular with the American semiconductor giant Nvidia, climbs on the stock market following Donald Trump's announcements on AI in the United States and is at its all-time high. The title gains 3.1%.
RATE
US and European yields are rather stable pending new data and catalysts.
The German ten-year yield strengthened by 0.3 bp to 2.481%, that of the two-year rate lost 0.2 bp to 2.214%.
The ten-year Treasury yield declined 0.2 bps to 4.5724%, while the two-year Treasury yield fell 0.9 bps to 4.272%.
CHANGES
The dollar is moving downward on Wednesday to its lowest levels in two weeks, the lack of clarity on President Donald Trump's plans for tariffs having left financial markets in suspense.
The dollar fell by 0.22% against a basket of reference currencies, the euro rose by 0.23% to $1.0453, and the pound sterling strengthened by 0.11% to $1.2368.
OIL
Oil is moving upwards on Wednesday awaiting Donald Trump's next measures concerning in particular customs tariffs but also the potential consequences of the national energy emergency that he declared on Monday.
Brent rose by 0.71% to $79.85 per barrel, American light crude (West Texas Intermediate, WTI) rose by 0.75% to $76.4.
(Written by Bertrand De Meyer, edited by Augustin Turpin)
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