(BFM Stock Exchange) – The CAC 40 grabbed the field at mid -session of this Monday, July 7, while the news remains responsible on the thorny file of customs duties which is very dense.
The Paris Stock Exchange does not loosen the handbrake. Its main index, the CAC 40 is struggling to move forward this Monday, July 7 at mid-session, taking 0.24% at 7,714.81 points.
Investors remain focused on the heavy file of American customs duties. The Trump administration is supposed to send its letters of complaints to its business partners on Monday. If agreements are not established by Wednesday, on July 9, therefore, customs surcharge would come into force not in the coming days but on August 1, the Secretary of Commerce announced on Sunday, Howard Lunick.
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Société Générale, higher increase in CAC 40
“It is difficult to predict the outcome of these negotiations. But, Donald Trump again sows disorder which could still affect confidence, while creating undesirable effects on world production channels. Nevertheless, the market could maintain its now Pavlovian reflex, not to believe that Donald Trump will follow a too extreme path”, judges Sebastian Paris Horvitz, LBPAM.
The president of the European Commission, Ursula von der Leyen, called Donald Trump on Sunday. The two leaders have a “good exchange,” said a spokesperson for the head of the European executive.
On the values ​​side, Capgemini drops by 5% after announcing the acquisition of WNS for 3.3 billion dollars out of debt. An interesting operation on paper but which raises questions, believes Oddo BHF.
Société Générale won 3.7%, the highest increase in CAC 40. In a note, Bank of America writes that the bank could announce share buybacks and raise its objectives for 2025 and 2026 when it is published on its half -yearly results on July 31.
SMCP takes 5.9% while a court decision was aroused speculation on the ready-to-wear group.
On the other market, oil is advancing a little. The September contract on the Brent de Mer du Nord takes 0.5% at 68.66 Dollars per barrel while that of August lost 0.1% to 66.94 dollars per barrel. The euro fell 0.4% against the dollar at $ 1.1729.
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