(BFM Stock Exchange) – The Parisian index fell back to mid -session of this Friday, July 11, while investors still monitor news around customs duties.

After four consecutive increases, the CAC 40 is falling down. The Parisian index abandons 0.9% at mid-session of this Friday, July 11.

Optimism observed for a few sessions on the market concerning customs duties now gives way to a certain nervousness.

“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.

>> Access our exclusive graphic analyzes, and enter into the confidence of the trading portfolio

Luxury coughs

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.

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.

On the values side, luxury, after returning to colors in recent weeks, returns downwards. Kering lost 3.5%, LVMH fell 2.7%, Hermès yielded 1.7%.

Excluding CAC 40, Kaufman & Broad abandons 4.8% 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. Petroleum rises a little. The September contract on the Brent de Mer of the North takes $ 69.31 per barrel while that of August on the WTI listed in New York advances from $ 1.1% to a barrel.