(News Bulletin 247) – Place Parisienne ceded the field again this Thursday, June 12, still dependent on Donald Trump’s declarations on the commercial aspect. The CAC 40 fence slightly, gradually moving away from the 7,800 points.

As for several months, Donald Trump has been blowing hot and cold on the markets. The CAC 40 has enlisted, losing 0.14% to end at 7,765.11 points this Thursday, June 12.

The Parisian index attempted a brief foray into positive territory around 4:30 p.m. before leaving down.

The market takes no risk, weighed down by the umpteenth threats from Donald Trump on customs duties. The American president has repeated again that he would soon establish customs surcharges within two weeks, except agreements signed in the meantime. The boarder of the White House explained that he was going to send letters in one to two weeks to each country to communicate the American requirements to them.

Its trade secretary, Howard Lungick, told him that the European Union would probably be one of the last business partners with whom a waiting field could be found.

On Wednesday, the Sino-American agreement drawn by Chinese and American negotiators, which must be validated by their respective presidents, had been welcomed with circumspection by the market.

The Green Bank

Main victim of customs threats from Donald Trump, the dollar which continues its inexorable fall in the face of other currencies, including the euro. The greenback lost 0.8% against the currency of the euro zone, this Thursday, June 12. In the other direction, the Euro climbs 0.8% against the dollar to 1.1575 dollars, and even hit a three and a half years up to the greenback, to 1.1632 dollars.

“President Trump has returned oil to fire on customs prices, reviving threats and reminding everyone that on July 9 is not only a date, it is a deadline” and the dollar “continues to suffer”, explains Stephen Innes.

Note that oil prices evolve in dispersed order after taking between 4% and 5% on Wednesday. The August contract on the Brent de Mer of the North gives up 0.1% to 69.73 Dollars per barrel while that of July on the WTI listed in New York increased from 0.3% to 68.32 Dollars per barrel.

Black gold courses were carried by a significant revival of tensions in the Middle East. The rise in barrel prices supported totaling (+2.2%) but penalized Air France-KLM (-7.3%), whose fuel bill constitutes one of the main spending stations.

On the side of small and medium-sized capitalizations, Clariane, the former Korian jumped 15.4% after announcing the sale of its grandson network to Crédit Agricole Santé et Territoires, which completes its asset sale program of 1 billion euros.

At Wall Street, Boeing drops another 4.8% after the crash of an India air 787.