(BFM Stock Exchange) – The Parisian index ends the week in net decline, nervous before the verdict on customs duties inflicted on Europe. The CAC 40 fence with a little over 0.9%, this Friday, July 11.

As for several months, the Paris Stock Exchange has lived clearly to the rhythm of Donald Trump’s statements on the thorny subject of customs duties. This Friday, July 11, nervousness made its return, with a CAC 40 which lost 0.92% to 7,829.29 points.

The European Union is waiting for Donald Trump to send his letter indicating the level of customs surcharge which he plans to establish against European imports. According to comments reported by the Guardian, the American president plans to send this letter in the coming hours.

“President Trump continues to sow disorder with the use of customs duties as a weapon to try to stimulate the production of goods in the United States, but also as a political weapon against countries that could take measures seen by the American president as going against the interests of the United States,” notes Sebastian Paris Horvitz of LBPAM.

In the meantime, Donald Trump has continued to brandish his threats against other countries, threatening in particular to establish additional customs duties of 35% on imports from Canada.

“Obviously, this threat, if it were implemented, would have a limited scope since a large part of the trade between the two countries remains ‘protected’ by the free trade treaty between the United States, Canada and Mexico,” said Sebastian Paris Horvitz.

The Parisian index had, previously, chained four consecutive rise sessions, amounting on hopes of customs surcharge at a lower cost for Europe. This upward sequence allows the CAC 40 to record appreciable gains of 1.73% over the whole week.

Luxury in delicacy

On the values side, luxury, after returning to colors in recent weeks, has dropped down. Kering dropped 3.7%, LVMH lost 3.4%, Hermès abandoned 1.5%, despite the very good publication of the Italian Brunello Cuccneli.

Excluding CAC 40, Kaufman & Broad rendered 4.95% after publishing its half -yearly results and expressed stable housing reservations over one year in value.

In the other markets, the euro is stable against the dollar at 1.1697 dollars. Oil rebounds strongly, after new attacks by Houthis in the Red Sea, which foods the fears in black gold supply. The September contract on the Brent de Mer of the North takes 2.7% at $ 70.48 per barrel while that of August on the WTI listed in New York jumped from 2.9% to 68.51 dollars per barrel.