(BFM Stock Exchange) – The Parisian index is advancing at the mid -session of this Thursday, May 29, a holiday in France. At Wall Street, Nvidia is about to jump. The trend is supported by the decision of an American court to block the reciprocal customs duties of Donald Trump.

The CAC 40 starts on a good trend. The Parisian index takes 0.7% at 7,840.73 points at the start of the afternoon, this Thursday, May 29. Without too much surprise, the volumes of exchanges remain measured due to the Ascension Thursday.

The market is carried by an important judicial setback suffered by Donald Trump. The United States International Commercial Court has blocked so-called “reciprocal” customs duties imposed since early April on all products entering the United States.

The judges of this court considered that the boarder of the White House had exceeded his powers by establishing these surcharges by decree when such measures should have been taken by the US Congress.

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Stellantis and Stmicro progress

This decision blocks the additional customs duties that strike Mexico, Canada, China as well as so -called “reciprocal” customs surcharges announced in early April during the famous “Liberation Day”.

“The US International Commerce Tribunal gave birth to the market in the market that the pricing threat could be dismissed with its last decision,” said Russ Mould, AJ Bell investment director.

“The fact that the court determined that President Trump did not have the power to impose customs duties of the ‘Liberation Day’ is a fairly seismic development,” he continues.

“It should be noted from the start that it is not the end of history, because the Trump administration appealed this decision. But already, the markets have recorded a substantial increase in response to the judicial decision,” said Deutsche Bank.

On the values ​​side, cyclical actions sign the strongest increases, Stmicroelectronics takes 3.1%, Stellantis, very affected by customs duties in Canada and Mexico, takes 3.4%.

On the side of the drops, Thales suffers from profits, backing 1.3%. The title remains up 3.9% over a week and 95% since the start of the year.

At Wall Street, Nvidia takes 6% in preview after delivering reassuring results and perspectives.

The euro is stable against the dollar at $ 1.1292. Oil is sluggish. The July Brent of the Northern Sea contract takes 0.05% to $ 64.35 while the same maturity on the WTI listed in New York advances 0.16% to 61.94 Dollars per barrel.