(BFM Stock Exchange) – The Parisian index has returned to the drop this Wednesday, March 26, in the vagueness on American customs duties. Totalnergies offers the head of the CAC 40, thanks to a recommendation for the purchase of Citigroup and an increase in oil prices.
Back to square one, or almost, for the CAC 40. The day after an increase of more than 1%, the Parisian index dropped 0.96% to 8,030.68 points, this Wednesday, March 26.
The market continues to monitor the slightest declaration upstream of April 2, when the United States has planned to establish reciprocal customs duties on global imports.
According to CNBC, Donald Trump said on Tuesday that these customs surcharges could be more “indulgent than reciprocal” while adding that “there would not be too many exceptions”. Difficult to see clearly. “In short the artistic vagueness remains …”, summarizes John Plassard de Mirabaud.
As for statistics, market operators have learned of a slowdown in orders for sustainable goods in the United States. In February, they only increased by 0.9% after a jump of 3.3% the previous month.
Totalnergies at the head of the CAC 40
On the CAC 40, Totalenergies was clearly distinguished. The oil group resumed 3.2%, supported by Citi who went to buy on the title, and signs the only notable increase in the index.
The rise in oil prices was also a support factor for the title, after the publication of a surprise drop in American golden stocks in the previous week. The May contract on the Brent de Mer du Nord increased from 1.3% to $ 73.31 per barrel while the same maturity on the WTI listed in New York advances from 1.4% to 69.97 Dollars per barrel
Michelin dropped 6.05%. According to an analyst, the fall is explained by the fact that the market is revising its expectations on the volumes of the first quarter, with folds which could be stronger than anticipated. “Some verticals seem to be down ‘Double Digit’ (by more than 10%, editor’s note),” notes this analyst.
Excluding CAC 40, Eutelsat continues to display volatility worthy of a micro-capitalization, leaping by 49.6%. According to Reuters, the director general of the satellite operator, Eva Berneke, spoke of a potential call for tenders from Italy.
Group Crit was rebounded by 8.9% after announcing a clearly upgraded dividend as 2024 results.
In other markets, the euro is stable against the dollar at $ 1.0789.
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