CAC 40: nvidia and customs duties on the menu

(BFM Stock Exchange) – This article, with free access, is produced by the research team in BFM Stock Exchange analysis and market strategy. To not miss any opportunity, consult all of the analyzes and discover our portfolios by accessing our privilege space.

While Paris wakes up by peeling the quarterly Nvidia, without being able to qualify them precisely, the operators will have to deal with a new shattering announcement by Donald Trump, that of wanting to impose customs duties of 25% on the products imported from the European Union. As usual, the head of the White House uses his favorite negotiation technique, which he abused during his career as a real estate magnate, he strikes hard and the first, to negotiate better. The American president has not announced a specific date (soon …) and supported his decision on commercial deficits concerning vehicles and agricultural products. With an acute sense of moderation, Trump has redone history by saying that the European Union had been created to “enter the United States” …

If the CAC 40 is expected to drop slightly this Thursday, it managed to gain 1.15%yesterday, with the support of ArcelorMittal (+5.39%) and Schneider Electric (+3.22%).

On the other hand, Stellantis played red lanterns, falling by almost 4%. The car manufacturer saw its profitability fall last year, even falling zero on the second half. But it is above all the lower objectives of the expectations that intrigue. And which are based on the hypothesis of successful launches and market share.

The market, on both sides of the Rhine, was carried by the announcements around the discussions to make it possible to succeed at the end of the conflict in Ukraine.

“After weeks of political theater and diplomatic maneuvers, Ukraine discreetly concluded an agreement on minerals with the United States, a decision that goes beyond economic cooperation and which strategically links the future of Ukraine to the interests of Washington”, notes Stephen Innes of Spi am. “Despite the initial resistance and the refusal of public opinion, kyiv ended up In the long term of the United States, it is necessary to meet its requirements, “he adds.

On the other side of the Atlantic, the main shares on shares ended in dispersed order, on the defensive just before the publication of Nvidia, the Dow Jones contracting by 0.43% and the Nasdaq Composite grappling 0.26%. Perfect balance for the S & P500, a reference barometer of appetite for the risk in the eyes of fund managers.

A point on the other asset classes at risk: around 8:00 am this morning on the exchange market, the single currency was treated at a level close to $ 1,0470. The barrel of WTI, one of the barometers of appetite for the risk on the financial markets, was exchanged around $ 68.90. THE Treasuries 10 Yearsyield of federal sovereign bonds due to 10 years, was negotiated slightly above 4.27%.

At the macroeconomic agenda this Thursday to follow at 2:30 p.m. for the United States, weekly registrations for unemployment benefits, growth for T4 2025 and orders of sustainable goods.

Key graphics elements

The tricolor flagship index is typically in the consolidation phase, between the 8,000 symbolic points and the historical summits which it has just brushed. The latter will day for the coming months an intermediate level of resistance, to which the index will attack when it has accumulated enough energy. Only a brutal break in the 7,810 points would ring the alarm. Work between 7,810 and 8,000 points in the coming weeks is the favorite graphic scenario.

FORECAST

In view of the key graphic factors that we have mentioned, our opinion is negative on the CAC 40 index in the short term.

This downward scenario is valid as long as the CAC 40 rating index below resistance at 8230.00 points.

Hourly data graphics

Daily data graphics