(BFM Stock Exchange) – The Parisian index completes the week with withdrawal of 0.75%, under 7,700 points this Friday, July 4, bending under the fears of investors on the evolution of trade negotiations between the United States and its business partners. CAC 40 has evolved without Wall Street, closed for independence Day.
Like every July 4, it’s the same catchphrase. The Paris Stock Exchange must deal with the absence of American operators. Fifteen days after “Juneteenth” -Contraction of “June” (June) and “Nineteenth” (nineteen)-a public holidays recently established to commemorate the abolition of slavery at the federal level, American investors are again on the occasion of the national holiday, chosen in celebration of the declaration of independence (July 4, 1776) vis-Ã -vis the United Kingdom.
It is therefore in volumes contained – with 2.31 billion euros negotiated this Friday – that the CAC 40 slipped under 7,700 points, losing 0.75% to 7,696.27 points Friday evening. Over the week, the Parisian index grabbed 0.06%.
The atmosphere becomes heavy again as the deadline of July 9 approaches. On this date, countries not having concluded a trade agreement with the United States will be exposed to customs duties that would come into force on August 1.
Letters to business partners
The American president said that he was going to send a dozen letters to the countries concerned by his customs surcharges which will vary in a range of 10-20% or even will go up to 60-70%.
“We have some other negotiations, but you know, I would tend to send a letter to specify the customs duties they will pay,” he also added.
The European Union is also in this phase of negotiations with the American administration, with a view to finding an agreement before the fateful date of July 9. The president of the European Commission, Ursula von der Leyen, said he wanted a “negotiated solution”.
The United Kingdom and Vietnam reached an agreement with the United States, while Washington and Beijing concluded a truce on customs duties last May.
“Investors have of course already seen this show. This is not the first time that the US administration has brought up the auctions auction a few days before a deadline – it is enough to think of the European Union and the threat of customs rights of 50 % a few weeks ago,” noted Ing economists.
An expensive BBB
Still on the commercial field, China has decided to carry out its threat to customs duties aimed at European brandy. Beijing announced on Friday to impose taxes on imports from Brandys from the European Union, from Saturday June 5.
Donald Trump also managed Thursday evening to have the American Congress adopted his “One Big Beautiful Bill”, his “big and beautiful law” by the American Congress, which combines massive tax credits and large cuts in expenses.
However, this budgetary mega-law should cause the debt of more than 3.400 billion dollars by 2034, according to the budget office of the congress.
Rémy Cointreau and Pernod Ricard finds an agreement with China
Particularly hectic session for groups of spirits on the stock market, after the decision of Beijing on brandies from the old continent. Remy Cointreau (+2.5%) and Pernod Ricard (-0.4%) escape these taxations in exchange for a price increase
LDC increased by 2.4% after announcing a turnover of the first quarter better than expected thanks to an increase in chicken consumption over the period, and a dynamic international activity.
In other markets, the euro grabbed 0.13% against the dollar at 1.1784 dollars. Oil is decreasing. The September contract on the Brent de Mer of the North cedes 0.94% to 68.15 dollars per barrel while that of August on the WTI listed in New York loses 1% at 66.33 dollars per barrel.
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