(BFM Stock Exchange) – The Parisian index is struggling to advance at mid -session of this Tuesday, March 11, slowed down by the difficulties of the American markets.
The Paris Stock Exchange is struggling to move forward this Tuesday, March 11. Its flagship index, CAC 40, gives up 0.2% at mid-session, to 8,031.50 points.
A lesser evil, of course, in view of what the American markets collected on Monday evening. The S&P 500, the most representative barometer of the Parisian square, abandoned 2.7% while the Nasdaq Composite, rich in technological values, fell 4%, accusing its greatest drop since September 2022, according to CNBC
“The culprit? The growing fears that the economic reshuffle operated by Donald Trump does not derail the engine of American growth and does not trigger a recession, hence the generalized risk movement”, explains Stephen Innes, of SPI AM.
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Air France-KLM wins
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. The American president recognized, however, that a transition period “would take place, and admitted that the customs surcharge he implements could have an inflationary impact.
On the values ​​side, leisure and travel groups are sealed by the warning on Delta Airlines results. The American airline lowered its forecasts for the first quarter. The company has cited morale of American consumers and less favorable businesses.
This explains the fall in Air France-KM action (-5.8%) and that of the Accor hotel group (-3.3%).
Renault took 1.4% while Nissan announced the resignation of its director general Makoto Uchida, replaced by its planning director Ivan Espinosa.
In the other markets, the euro has been flying to the highest since spring 2024, taking 0.7% against the dollar at 1.0909 dollars.
Oil is advancing a little. The May contract on the Brent de Mer northern, won 1.15% at $ 70.08 per barrel while the April on the WTI listed in New York takes 1.1% at 66.77 Dollars per barrel.
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