PARIS (Reuters) – The New York Stock Exchange opened on Thursday, US President Donald Trump, continuing to fuel uncertainty with new customs duties against the European Union (EU), which take precedence over a new indicator showing a slowdown in inflationary pressures.
In the first exchanges, the Dow Jones index loses 140.46 points, or 0.34%, at 41,210.47 points. The Standard & Poor’s 500, wider, fell from 12.60 points, or 0.23%, to 5,586.70 points. The Nasdaq Composite gives in 53.54 points, or 0.30%, to 17,594.92 points.
After the figures published on Wednesday showing a stronger deceleration than expected of consumer prices (ICC) in the United States for the month of February, the production prices statistics (PPI) confirmed a slowdown in inflation to 3.2% last month, after +January 3.7%, in annual rate.
These data offer a certain respite to investors who fear a resurgence of inflationary pressures under the effect of a world trade war.
Donald Trump said Thursday that the United States would impose 200% customs duties on the wines and the EU champagne, if the twenty-seven do not give up their surcharge on Bourbon.
25% customs duties on steel and aluminum imports by the United States entered into force on Wednesday.
The markets are also nervous with the prospect of a “Shutdown”, the deadline for the adoption of a financing bill to the American Senate approaching with great strides. If this bill is adopted, it will allow the US government to remain operational until September 30.
The House of Representatives, led by the Republicans, adopted the bill at the start of the week, but the Senate Democrats are pressure for a short -term extension, in order to allow larger budgetary negotiations.
On the geopolitical level, Steve Witkoff, the emissary of Donald Trump, arrived in Moscow Thursday for talks on the American cease-fire proposal in Ukraine that a Vladimir Putin advisor, waiting for a first public reaction from the Russian president, assimilated a simple respite for the Ukrainian army.
At the values, Adobe plunges 10.06%, the Photoshop publisher having announced to plan a turnover for the second quarter of his fiscal fiscal year deemed disappointing.
Intel climbs 17.21% after the appointment of LIP-BU Tan, an important figure in the semiconductor sector, as general manager.
(Written by Claude Chendjou, edited by Kate Entringer)
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