(BFM Stock Exchange) – The Parisian star index closes slightly withdraw before the presentation, this Wednesday evening, of the Trump administration pricing program.

The markets are concerned but not panicked, before Donald Trump’s announcements on new customs rights. The CAC 40 limited its withdrawal to 0.22% after losing more than 1% at the height of the day, which allows it to stay above 7,800 points, at 7,858.83 points.

These announcements are scheduled at 4:00 p.m. local time at the White House, at 10 p.m. in Paris.

The American president, who evokes on April 2 as the “Liberation Day” (“Liberation Day”), must mark the start of a commercial policy in favor, according to him, of American employees and products. Peter Navarro, Donald Trump’s commerce and industry advisor, said these surcharges could bring 660 billion dollars per year.

“Everything remains uncertain”

“Today, many customs duties should be announced, but everything remains uncertain: magnitude, calendar, disparities according to the country. Estimates of the average tariff rate range from a few percentage points at two-digit levels in more pessimistic scenarios”, advance Oliver Blackbourn, portfolio manager, and Adam Hetts, Multi-active investment manager Henderson.

“It is not clear either if customs duties are used to leverage in a broader negotiation strategy. What seems less uncertain is their overall negative impact on economic growth, consumers and markets,” they add.

“The reaction of the market on the ‘Liberation Day’ of today will depend on the importance of customs duties, their geographic/sectoral distribution and the opening to negotiations,” said Ing economists.

On the macroeconomic level, investors learned of creation of positions superior to expectations in the private sector in the United States in March. According to the ADP survey, 155,000 jobs were created last month, against a consensus of 120,000 and after 84,000 in February.

Industrial orders increased more than scheduled in February, climbing 0.6% when consensus tapped on growth of 0.5%.

Hard day for Obiz

On the values ​​side, it was the analysts who made the rain and the good weather this Wednesday.

It was finally Pernod Ricard who finished at the top of the CAC 40 (+1.6%), thanks to the support of Berenberg who started monitoring the value with a recommendation to “buy” and a course of course at 114 euros. Second highest increase in the Parisian index, Engie (+1.5%), for its part, took advantage of the support of Jefferies which went to buy on the title with a target of course at 20 euros.

On the side of the small and medium capitalizations, Obiz dropped 13.9%, after having warned the market that he will not reach his objective of Ebitda for 2024.

On the exchange market, the euro gains 0.6% at 1.0862 dollars. On the oil side, it takes up some colors. The June contract on the Brent de Mer of the North earns 0.3% at 74.64 Dollars a barrel while that of May on the WTI listed in New York climbed from 0.4% to 71.46 Dollars per barrel.