(BFM Stock Exchange) – The Parisian index lost its breath in the afternoon and finally closed with withdrawal after having opened up sharply, then carried by the judicial blocking of certain customs duties of Donald Trump. Nvidia has reassured the market with its results.

The joy was quite short on the CAC 40. While it opened on an increase of more than 1% this Thursday, May 29, the Parisian index finally finished close to balance, backing up from 0.11% to 7,779.72 points, this Thursday, May 29.

The Parisian index was first 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.

This decision blocks the additional customs duties that strike Mexico, Canada, China and, therefore, so -called “reciprocal” customs surcharys. The Trump administration called on this decision.

>> Access our exclusive graphic analyzes, and enter into the confidence of the trading portfolio

Nvidia climbs to Wall Street

However, investors have put into perspective the scope of this judicial camouflet inflicted on Donald Trump. “The fact that the gains (scholarships, note) were measured rather than gigantic reflects an appropriate level of skepticism as to whether it can really slow down the Trump administration, which has already appealed against judgment,” said Russ Moud by Aj Bell.

“The problem for investors is that this could prolong uncertainty even if, in the end, this would lead to a better result from the market point of view. This also exacerbates the question of the financing of the important tax reductions provided in the United States, since revenue from customs duties were supposed to contribute to this funding,” he adds.

“It remains to be seen how this decision will ultimately be decided, but in any case, the executive has a large room for maneuver to implement a program of customs from customs through other tools,” warns George Saravelos de Deutsche Bank.

Several American economic data published in the afternoon were also disappointing.

Weekly unemployed registrations have registered at 240,000 units over the week ended on May 24, against 230,000 units expected by economists while house sales fell 6.3% in April when the consensus awaited 1% withdrawal. American GDP also fell 0.2% in the first quarter, according to a second estimate, against -0.4% for the first estimate.

On the values ​​side, Edenred signed the highest increase (+1.7%) of the CAC 40. Thales has suffered from profits, backing 2%.

At Wall Street, Nvidia takes 4.9% after delivering results and reassuring perspectives.

In other markets, the euro takes 0.6% against the dollar at 1.1359 dollars. Oil is retreating. The July Brent of the Northern Sea contract gives 1.5% to $ 63.35 while the same deadline on the WTI listed in New York loses 1.5% to 60.93 dollars per barrel.