(BFM Stock Exchange)-The Parisian index is almost stable in the early afternoon this Wednesday, July 16. Renault plunges 17% after issuing a large warning on results.

The Paris Stock Exchange remains enclosed. Its most important indicator, CAC 40, is almost stable at mid-session of Wednesday, July 16 at 7,767.62 points.

The market continues to watch for the potential new information about American customs duties. Brussels and Washington continue to negotiate. The European Commerce Commissioner, Maros Sefcovic spoke with the representative to foreign trade Jamieson Greer.

Investors also still digit American inflation figures for June published on Tuesday. The rise in prices in June excluding tobacco and food has registered 2.9% against 3% expected by consensus.

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Stock market agony for Renault

“The good news is that the lack of generalized prices acceleration reinforces the chances that the price shock linked to the prices is temporary, which will allow the Fed (the American federal reserve) to lower its levels in the long term,” said Xavier Chapard, strategist at LBPAM.

The market does not, moreover, not much case of the savings plan of 44 billion euros for 2026 presented Tuesday by the French Prime Minister, François Bayrou. The gap between the performance of the debt title at 10 years from France and that of Germany is moving little, registering at 69 base points (0.69 percentage points) against 70 base points on Monday.

“If this austerity plan of almost 1.5% of GDP is necessary, it will weigh on growth next year and above all may have political tensions re -emerge this summer, as the budget details are approached in September in September,” comments Xavier Chapard.

On the values side, the news of the day is marked by the collapse of the Renault action. The diamond group plunges 17.5%, after having issued a heavy warning on results, which has cold investors.

The manufacturer’s dive leads to its wake the Rival Stellantis, which lost 3.4%. Oddo BHF sees in Renault’s announcements a negative cross -reading for the group born from the merger between PSA and Fiat Chrysler, which is already in difficulty in Europe and which, like Renault, is very exposed to the segment of utility vehicles, a market at half mast. Forvia (-3.3%) and Valeo (-1.6%) automotive equipment manufacturers are also under pressure.

Note that in Amsterdam, ASML loses 6.8% after having delivered prudent comments on its activity for 2026. In Zurich, Richemont takes a little ground (+1%) after having gave growth slightly higher than expectations in the first quarter, although weighted by a disappointing performance of watchmaking.

In other markets, the euro takes 0.1% against the dollar at $ 1.1611. Oil is retreating. The September contract on northern sea is 0.8% to 68.18 dollars per barrel while August on the WTI listed in New York abandons $ 65.91 a barrel