(BFM Stock Exchange) – The Paris Stock Exchange ends this tough week on the ball joints. Its flagship index still dropped 4.26% at the end of this session of Friday, April 4, bringing its weekly withdrawal to 8.10%.

With his customs duties, Donald Trump has created a shock wave on the global financial markets. The Paris Stock Exchange, which was well weakened in the morning, accelerated its withdrawal at midday after the Beijing response which will in turn apply from American imports.

The CAC 40 plunges 4.26% to 7,274.95 points, at the end of this Friday, April 4, accusing its worst session since March 4, 2022 (-4.97%). This heavy withdrawal occurs the day after a fall of 3.31%.

Over the week, the Parisian star index thus abandoned 8.10%, and has instructed its worst weekly score since the end of February 2022 (-10.23%), according to Investing.com data, especially the CAC 40, has more than eager for the entire advance acquired at the start of the year and is now displayed in a decline of 1.43%since January 1.

The Parisian star index, like all European stock markets, accused the coup after the Riposte de la China which announced customs duties of 34% on goods imported from the United States, which are added to the 20% already announced in March. This commercial retaliation measure will be effective from April 10.

Risk aversion is as well palpable to Wall Street, who also cannot recover from his worst session since 2020.

At the end of European markets, the Dow Jones drops 3.1 % when the NASDAQ and the S&P 500 abandon more than 4 %.

A report on employment in the background

The operators took note of the last monthly report on American private employment. In March, the US economy created more jobs than expected with 228,000 positions while consensus awaited much less, or 140,000 positions. On the other hand, the unemployment rate increased to 4.2% while it was expected stable at 4.1% of the active population.

“The Mars Employment Report is not bad but it is difficult to reconcile with other statistics and it may already offer a somewhat deciduous labor market photo given recent events,” analyzes Bastien Drut, head of strategy and economic studies at CPram.

“Customs rights increases decided by Donald Trump, if they remain in place, should involve a significant degradation of the labor market over time,” he continues.

The perfect moment

It is therefore in this extreme climate of risk aversion to the president of the American Federal Reserve (Fed), Jerome Powell spoke this Friday afternoon. The latter said on Friday that the customs duties set up by Donald Trump were “probably increasing inflation” and that they were likely to increase unemployment and slow down growth in the United States.

However, Donald Trump was quick to answer and urged the president of the Fed on Friday on his Truth Social platform to lower interest rates, shortly before the latter’s speech.

“This would be the perfect time for the president of the Fed, Jerome Powell, to reduce interest rates,” wrote the American president.

No value of the CAC 40 and the SBF 120 in the green

All the values ​​of the CAC 40 and the SBF 120 finish in the red this Friday evening.

The cyclical values ​​are on the front line of the highest drops of the Parisian star index, Société Générale dropped 10.45%, Unibail Rodamco Westfield rendered 9.25%and Saint-Gobain abandoned 7.8%.

SCOR has rendered more than 10%, the reinsurer having announced his indictment for facts allegedly alleged against his former president, Denis Kessler, suspected of having tried to obstruct the acquisition of Partner Re by the Covéa group in 2022.

Sodexo, for its part, dropped 6.15%, after the publication of its final half -yearly results revealing a disappointing level of liquidity generated by the operations of the collective catering group.

On the exchange market, the euro sells 0.5% 1.1002 dollars. On the oil side, the courses are in free fall, this Friday with the Chinese response. The June contract on the Brent de Northern Mer, abandons 6.7% to 65.46 dollars per barrel while that of May on the WTI listed in New York still sinks from 7.5% to 61.91 Dollars per barrel.