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Putting the current redefinition of the Rules of the Global Trade, operators continue to show an appetite for significant risk. The CAC 40 nibbled 0.30% in the immediate vicinity of the 7,900 points on Thursday.
A spokesman for the European Commission quoted by the BBC said that Brussels hoped to reach an agreement with Washington “in the coming days”.
On Tuesday, Donald Trump said he was planning to publicize his demands towards the European Union in the coming days.
In the meantime, the American president has continued to announce his customs from customs. Wednesday, the tenant of the White House confirmed that customs duties of 50% on copper imports would come into force on August 1.
The American president has also unveiled new customs surcharge by country, which includes a rate of 50% against Brazil.
Against the backdrop of hope for customer customs that is less strong than fears initially, luxury and spirits, first -line sectors in the trade war, were increasing on Thursday. Interparfums won 2.27%, L’Oréal 2.11%, Kering 3.30%, Christian Dior 3.31%, LVMH 3.52%, Pernod Ricard 3.67%and Remy Cointreau 7.72%.
In the statistical chapter, weekly registrations for unemployment benefits emerged at 227,000, against a consensus at 236,000, new proof of employment health health. What further support the scenario of a status quo monetary at the end of the month.
On the other side of the Atlantic, the main shares on shares The S & P500, reference barometer of appetite for the risk in the eyes of fund managers,
A point on the other asset classes at risk: around 8:00 am this morning on the exchange market, the single currency was treated at a level close to $ 1,1680. The barrel of WTI, one of the barometers of appetite for the risk on the financial markets, was exchanged around $ 66.80. THE Treasuries 10 Yearsyield of federal sovereign bonds due to 10 years, was negotiated slightly above 4.36%. As for the Vix, it was worth 15.80 at the last fence of the S&P500.
At the macroeconomic agenda this Friday, to follow in priority at 8:45 am the consumer price index in France.
Key graphics elements
After a significant energy release after crossing the 7,700 points, the tricolor flagship index is back in contact with a resistance to 7,900 points. We pass the 7,700 points in reliable intermediate support, with the support of the Haussier gap of July 09.
FORECAST
In view of the key graphic factors that we have identified, our opinion is neutral on the CAC 40 index in the short term.
We will take care to note that a crossing of the 8260.00 points would revive the tension to the purchase. While a break in the 7700.00 points would relaunch the selling pressure.
The News Bulletin 247 Council
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