(BFM Stock Exchange) – The Paris Stock Exchange evolves very slightly on the mid -session of this Thursday, June 26. Donald Trump once again pinned Jerome Powell finding that he is “terrible”, which pressures the dollar.
The Paris Stock Exchange does not stop its prudence, this Thursday, June 26. The CAC 40 progresses at mid-session but timidly, the index taking 0.18% at 7,571.97 points.
The market continues to monitor the ceasefire tied between Iran and Israel in the Middle East on Tuesday. “The markets can breathe more freely, but do not confuse a tactical break and strategic resolution,” warns Stephen Innes of SPI AM.
The latter recalls that reciprocal customs duties, that Donald Trump threatens to fully implement the “Joker” who could disrupt the market.
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Carrefour dives, Edenred climbs
Investors also react to the new protruding of the American president against Jerome Powell, the president of the American Federal Reserve (Fed). Donald Trump was delighted with his departure, next May because he “finds him quite terrible”. The White House tenant also said that he had three to four people in mind to succeed him.
Following these declarations, the euro climbs again against the dollar, taking 0.4% to 1.1705 dollars.
“Speculations are multiplying on Donald Trump’s dissatisfaction with Mr. Powell and the possibility of replacing him with a person whose views of monetary policy are closer to those of the president,” notes Ricardo Evangelista of Activtrades.
“Such a decision would undermine the credibility of the Central Bank, raising doubts about its independence – a dynamic that could further weaken the dollar as the markets assess both the loss of institutional credibility and the expectations of a more” conciliatory “and accommodating Fed (and therefore inclined to lower the rates, editor’s note),” he continues.
On the values ​​side, Carrefour falls while JPMorgan warned that the distributor’s first semester would not be good.
Edenred (+5.6%) and PLUXEE (+2.1%) are brought by the presentation of the reform of the title-restaurant which does not contain a cap of the commissions deducted from restaurateurs.
Trigano took 5.7% after publishing his third quarter income and communicated his prospects for the rest of his exercise.
Oil is moving forward. The August contract on the Brent de Mer du Nord takes 0.6% at $ 66.81 per barrel while the August on the WTI on the WTI in New York advances from 0.5%) to 65.24 Dollars per barrel.
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