(BFM Stock Exchange) – The Parisian index begins the month of July on a sluggish note. The CAC 40 fence down 0.04% while LVMH took 5.5%.

The Paris Stock Exchange did not take many initiatives to start the month of July. Its star index, the CAC 40 sold 0.04% to 7,662.59 points, at the end of Tuesday, July 1.

Investors addressed this new month on the restraint, monitoring the slightest declaration on customs duties while the deadline of July 9 approaches. But the Trump administration has suggested that negotiations and potentially the suspension of the heavy customs from customs, could extend beyond this deadline.

Operators have also taken note of mixed indicators in the United States, manufacturing activity for the month of June and job offers (“Jolts”) in May.

On the side of the manufacturing activity, measured by the ISM index, it slightly increased last month at 49 points, after 48.5 points in May. But this index remains under the 50 points, which constitutes the border between a contraction and an expansion of the activity. On the American labor market front, the number of job offers in the United States increased against all expectations, at 7.769 million in May, against 7.395 million in April, according to the JOLTS report.

“The Manufacturer’s ISM index remains in contraction territory, but statistics on job offers are maintained quite well and the inflationary pressures remain high. The president of the American Federal Reserve (Fed), Jerome Powell, who spoke in Portugal, continues to suggest that the monetary policy committee remains in wait -and -see mode, which leaves little chances to a drop in rates in July” Knightley chief economist at ING.

A little earlier in the day, investors learned of inflation in the euro zone which overall came out in tune with expectations, with an increase in prices of 2% over a year in June after 1.9% in May. “The slight increase in total inflation in June was expected, but underlying inflation remains stable for its part,” notes Juliette Cohen of CPR AM.

“The mission of the European Central Bank is generally accomplished and a break can now be envisaged unless additional trade tensions between Europe and the United States are not materialized in the coming weeks,” said.

LVMH increasing

On the values ​​side, luxury has played the shock absorbers. Kering jumped 5.9%when LVMH won 5.50%. The two titles probably reacted positively to encouraging new Chinese indicators published on Tuesday. The manufacturing activity rebounded in June, according to the Caixin/S&P Global index while house sales increased by 14.7% in June over a month, notes the Southern China Morning Post. This suggests that China, the second luxury market behind the United States and the former growing engine of growth in the sector, finds a better situation.

Optimism is hardly betting on the prospects of short -term luxury. Bank of America wrote a note this Tuesday as a prelude to the second quarter results. The establishment expects the revenues of companies in the sector to contract, on average, 2% in data comparable in the second quarter. The establishment thinks that the next season of results will lead analysts to lower their forecasts for 2025 or even for 2026.

Vussegroup fell by 10.3%, weighted by sales of titles from Walmart.

Renault won 2.7% after announcing a new accounting treatment of its participation in Nissan which will result in a negative impact of 9.5 billion euros on its net profit of the first semester.

The defense experienced a little blow, Thales sold 5% and Safran gave 4%.

In the other markets, the euro yields 0.2% against the dollar to 1.1767 dollars. Oil is changing little. The September contract on the Brent de Mer du Nord gains 0.6% at 67.13 Dollars per barrel while that of August on the WTI listed in New York gains 0.8% at 65.61 Dollars per barrel.