(BFM Stock Exchange) – The CAC 40 is down mid -session this Monday, March 24. Investors hope that the reciprocal customs duties that will come into force on April 2 will be amended.
Start of the week hesitating for the CAC 40, the Paris index is slightly dropped to mid-session on Monday, March 24. The Parisian index fell 0.26% to 8,022.02 points.
Investors have in mind the date of April 2, which the United States intends to set up reciprocal customs duties on imports from around the world. According to the Wall Street Journal, some sectors could be excluded from these customs surcharges.
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Thales at the top of the CAC 40
“Appétit for risk has improved in the financial markets, following information that the US administration could be less aggressive than it was initially feared in the application of reciprocal customs tariffs, which attenuates fears of a catastrophe scenario for world trade,” said Ricardo Evangelista of Activtrades.
“I don’t change anything, but the word flexibility is an important word (…). There will be flexibility, but in principle, it is reciprocal,” Donald Trump told journalists on Friday.
On the side of the values, Thales carries the CAC 40, signing the highest increase (+3%) while UBS noted his opinion on the purchase on the company. Another defense group present on the Parisian coast, Dassault Aviation took 3.1%.
Excluding CAC 40, Ubisoft continues its scholarship yo-yo, taking 6.4% after losing 7% on Friday. The action of the group has been very volatile since (and just before) the release of the Assassin’s Creed Shadows game.
Valneva takes 5.1% after announcing that he would deliver in April 40,000 doses of his anti-chikungunya vaccine to combat the propagation of the virus on Reunion Island.
In other markets, the euro is stable against the dollar at 1.0827 dollars. Oil is advancing a little. The May contract on the Brent de Mer du Nord advances 0.47% to 72.50 dollars per barrel while the same maturity on the WTI listed in New York takes 0.5% at 68.65 Dollars per barrel.
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