(BFM Stock Exchange) – The Parisian index progresses at the end of this Tuesday, July 8, supported by Capgemini and the spirits. The market remains attentive to customs duties while the Trump administration has sent its letters to several countries, revealing, for some of them, the customs surcharges it intends to impose.
In small touches, the star index of the Paris Stock Exchange progresses towards 7,800 points. The CAC 40 came out of its torpor in the afternoon, accelerating its earnings to glean 0.56% this Tuesday, July 8, and end at 7,766.71 points.
The market remains attentive to the latest developments on the long soap opera of customs duties. Donald Trump was inflexible on the entry into force of customs surcharges, scheduled for August 1.
The American president assured on his social network Truth Social that there would be no additional extension ,.
“Customs duties will begin to be collected on August 1,” wrote the head of state. “There will be no change of date” and “no delay will be granted,” he added
On Monday, the Trump administration sent its letters to 14 countries, expressing the customs surcharge it intends to impose on imports of its business partners on August 1. The rate reaches 36% for Thailand and Cambodia, 25% for Japan and South Korea.
Europe spared?
The European Union is not currently concerned by these letters. “During the night, Politico reported that, although a trade agreement between the United States and the European Union was not finalized, the United States had proposed to the European Union a customs duties of 10%, accompanied by certain conditions,” notes Deutsche Bank.
The Reuters agency, for its part, reports that the European Union could benefit from exemptions on certain sectors on universal customs duties of 10%, citing sources due to the file.
Capgemini and spirits take up colors
On the values ​​side, Capegmini resumed 4.30% after losing 5.6% the day before, the market coldly welcoming the acquisition of the American WNS for $ 3.3 billion out of debt.
Pernod Ricard won 3.2% and Rémy Cointreau 4.2%, the two titles benefiting from an hope of an agreement between the European Union and the United States which would avoid groups of European spirits to pay significant customs surcharge.
Aramis, on the other hand, dropped by 15.3% after the specialist in the sale of reconditioned vehicles revised its objectives downwards for its current exercise.
In the other markets, the euro gives way 0.25% against the dollar to $ 1.1710. Oil is progressing. The September contract on the Brent de Mer du Nord gains 0.8% at $ 70.16 a barrel while the August that on the WTI listed in New York climbed 0.65% to 68.37 Dollars per barrel.
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