(BFM Stock Exchange) – The CAC 40 progresses at mid -session of this Monday, February 10, while the boarder of the White House announced new customs surcharges on steel and aluminum while warning that he intended to put In place “reciprocal customs duties”, later this week.
It is starting to become a great classic: the stock market week begins with new announcements of American customs from customs. The CAC 40 hardly panics. The Parisian index wins 0.29% to mid-session on Monday, February 10.
Donald Trump announced on Sunday that it would establish 25% customs surcharge on steel and aluminum imports for the United States.
“The market does not surreate this morning, believing that it is still a negotiation technique. The macroeconomic impact of these measures would be negative but limited given the amounts at stake, but it would impact certain sectors in Europe and Canada “, explains Xavier Chapard de Lbpam.
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ArcelorMittal fell
The tenant of the White House also said that he would announce on Tuesday or Wednesday “reciprocal customs duties” aligning the taxation of products entering the United States on the way in which American products are taxed abroad, explains the AFP.
Investors are also preparing to dissect a new salvo of business results. Eight CAC 40 companies including Kering, Hermès and Safran, will deliver their accounts this week.
In the meantime, business announcements are quite few on Monday. ArcelorMittal accuses the highest drop in the CAC 40, backing 2%, penalized by the announcements of American customs surcharge on steel.
GTT abandoned 4.8%, weighted by the announcement of the surprise departure of its director general, Jean-Baptiste Choimet.
In other markets, the euro is stable against the dollar at $ 1.0327. Oil is advancing. The April contract on the Brent de Mer du Nord gains $ 1.1% at $ 75.51 per barrel while the March on the WTI on the WTI in New York advances 1.2% to 71.85 Dollars per barrel.
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