(BFM Stock Exchange) – The Parisian index fell 0.36% this Friday, May 30, while President accused China of having “raped its agreement” with the United States. Sanofi has suffered, weighed down by results from disappointing clinical trials.
The CAC 40 ends the week on a bad note. The flagship index of the Paris Stock Exchange abandoned 0.36% this Friday, May 30, at 7,751.89 points.
Over the week, the Parisian index hung on a small increase of 0.23%, thanks to the good day on Monday (+1.2%). The market had then been brought by the postponement of American customs from the European Union to the European Union.
To return to this Friday session, the CAC 40 has long evolved in the green. But the index was caught up by a revival of fears on the subject of American customs duties after a post on the social truth of the American president, Donald Trump.
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“Unsurprisingly, China has completely violated its agreement with us,” said the boarder of the White House.
On Thursday, the American secretary of the Treasury, Scott Bessent, explained that commercial discussions with China skate and that the conclusion of an agreement would require the intervention of Donald Trump as well as that of his Chinese counterpart, Xi Jinping.
Sanofi Red Lantern of CAC 40
On the statistics side, the PCE index, a preferred gauge of the American Federal Reserve (Fed) to measure inflation, came slightly lower than expectations in April, at 2.1%, against 2.2% expected.
“PCE inflation has returned to its lowest level for four years and has not currently showed a significant impact of customs duties implemented in recent months,” observes Bastien Drut, head of CPR AM strategy and economic studies. The economist evokes a “very reassuring” publication for the Fed.
On the values ​​side, Sanofi lost 4.8% after having expressed results of disappointing clinical trials for potential treatment against “smoking bronchitis”.
In the other markets, the euro yields 0.1% against the dollar to $ 1.1354. Oil is retreating. The July Brent of the Northern Sea contract lost 1.26% to $ 62.40 a barrel while the same maturity on the WTI listed in New York gives $ 60.21 per barrel.
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