(BFM Stock Exchange) – The Paris Stock Exchange begins the week on the wrong foot, while the Trump administration seems to prepare the spirits for a slowdown in the American economy. The CAC 40 lost 0.9%, to return under 8,100 points this Monday, March 10.

The markets are assaulted with doubts at the dawn of this new stock market week. The CAC 40, the main index of the Parsi Stock Exchange, sold 0.90% to 8,047.60 points, penalized by fears around the American economy, this Monday, March 10.

Asked, this weekend, on the possibility of a stronger recession or inflation which would be caused by customs surcharges, Donald Trump did not respond clearly.

A “muddled policy”

The American president simply spoke of “a transition period”. His trade secretary, Scott Bessent, spoke to him “adjustments” and an American economy which could know a little.

“For the moment, the rough tariff policy of the Trump administration contributes above all to strengthening the uncertainty of investors and the wait -and -see attitude of businesses and households. In opinion surveys, inflation anticipations are increasing – not at a problematic level, but it is to monitor”, dissects Christopher Dembik of Pictet AM.

At Wall Street, the drop in indices is much more pronounced. The Dow Jones restores 1.3%, the S&P 500 folds 2.3%, while the Nasdaq Composite drops 3.7%at the end of European markets. Like Tesla which drops almost 11% and which has erased all its earnings since the election of Donald Trump, the tech compartment has been having been having been having been having “rotation” for several weeks, that is to say that investors redirect their funds to other sectors deemed more promising than tech, especially on European actions.

“The European financial centers retain their leadership in the face of Wall Street in a context of rising risk aversion and fears of slowdown in American growth linked to the Trump administration policy towards China and its Canadian and Mexican neighbors. Indeed, Donald Trump’s flip-flops on customs duties fuel the uncertainty and are likely to penalize The investment in the country, “says Michel Douin, a portfolio manager at Cholet Dupont Oudart.

In this context, investors will watch this week carefully, inflation figures and production prices for the month of February in the United States as well as the Household Confidence index of the University of Michigan.

Suffering cyclics

In this ocean of uncertainty, several cyclical values ​​such as Saint-Gobain (-5.5%), Société Générale (-5.25%) and ArcelorMittal (-4.6%) accused it on Monday. Alstom for his part rendered 4.5% while Citi went from “buying” to “neutral” on the title.

Air France-KLM limited its withdrawal to 1.1% while Bernstein lowered its advice to “market performance” against “outperformance” previously. The financial intermediary believes that the company will find it difficult to reduce its costs and prefers other groups on the stock market more exposed to transatlantic traffic.

On the side of the increases, Verallia appreciated 3.7%, to wedge at a level close to the price of 30 euros per share, proposed by its Brazilian shareholder to buy the actions which he does not yet hold the glass packaging company.

The euro yields 0.3% against the dollar to $ 1.0830. Oil turned to the decline. The May contract on the Brent de Mer of the North restores $ 69.69 to a barrel while that of April also drops from $ 66.41 per barrel.