(News Bulletin 247) – The flagship index of the Paris Stock Exchange ended up 0.86%, reconnecting with the 7,300 points. The automotive compartment was wanted this Tuesday, April 15, brought by the recent words of Donald Trump. At the end, LVMH is no longer the first market capitalization in Paris, after the strong withdrawal of its action.
Very lively session for the Paris Stock Exchange this Tuesday, April 15, between the kickoff of the quarterly publications season and a series of announcements on customs duties to digest. After some hesitation, the CAC 40 resumed 0.86% to end at less than ten points from its tops of the day, at 7,335.40 points.
This Tuesday, Parisian news is still animated by the various developments on the customs aspect, and this time they benefit the automotive sector. Donald Trump would think about loosening customs rules in terms of import vehicles and spare parts in the United States. This perspective enchants the stock market sector.
Stellantis, strongly exposed to the North American market, won 6.55%, Renault appreciated 1.85%when the car manufacturers were at the party party of Forvia (+5.75%) or Valeo (+6.9%).
Hermès First capitalization of the Paris Stock Exchange
The day’s meeting was also marked by the Fort Recoil on the LVMH Stock Exchange, which announced on Monday evening disappointing sales for the first quarter. The first resident of the Paris index to make his copy, LVMH announced income down 3% in data comparable to the first quarter when analysts were tabling on an increase of 2% on these same bases.
The number one of luxury dropped by 7.8 %, and is no longer the first capitalization of the Paris Stock Exchange, for the benefit of the Sellier Hermès (+0.2 %). At the end, the latter displays a market capitalization (the value of all of its shares) of 248.60 billion euros, very slightly exceeding the luxury giant LVMH and its 244.39 billion euros in capitalization according to the data from CompaniesmarketCap.com
In the wake of LVMH, Christian Dior dropped 8.25% and Kering 5.2%.
In other markets, the euro gives 0.6% to 1.1286 dollars. Oil is retreating. The June contract on the Brent de Mer of the North loses 0.8% at 64.36 Dollars per barrel while that of May on WTI also loses 0.8% at 61.04 Dollars per barrel.
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