(BFM Stock Exchange) – The CAC 40 ends the upward week, continuing to monitor changes both on Ukraine and customs duties. Over the whole week, the index includes just over 2.6%.

The Paris Stock Exchange goes on weekends on a positive note. Its flagship index, the CAC 40 closing up 0.44% to 7,743 points and gains 2.61% in weekly rhythm, making its best week in passing since the beginning of May, (+3.11%) thanks to hopes on a de -escalation in Ukraine.

The Parisian index also experienced a small fever push shortly after 4 p.m., winning up to 0.8% reacting to Bloomberg information that Washington and Moscow are looking to conclude an agreement to put an end to the confit in Ukraine. But on the condition of yielding the territories conquered by Russia during its military invasion, sources said close to the file.

American customs duties at their highest level since the 1910s

The day before, the Parisian index had already returned to almost 1% supported by hopes of truce in Ukraine, while the American president, Donald Trump, and his Russian counterpart, Vladimir Putin, are supposed to meet in the coming days. This is, in all, what the Kremlin announced on Thursday. The same day, the tenant of the White House said he was ready to meet the chief of the Russian executive.

Regarding customs duties, Financial Times reported on Thursday that the United States could now impose customs duties on certain gold ingots, which helped the precious metal prices reach a record at 3.534.10 dollars on the New York Stock Exchange, according to AFP.

American customs duties amounted to 20.1% on average and have never been so high since the early 1910s, according to a theoretical rate calculated by the World Trade Organization (WTO) and the International Monetary Fund (IMF).

Limited variations on values

On the side of the values, the variations remained contained. The highest increase in CAC 40 was recorded by ArcelorMittal (+3.3%) followed closely by Crédit Agricole SA (+3.2%) and BNP Paribas (+2.5%) while the highest drop was accused by Bureau Veritas (-1%).

Sanofi closes to balance despite an increase in advice to “overlap” on the part of JPMorgan. The action had taken more than 2% at the start of the session.

Airbus fell 0.7% while the group delivered 67 aircraft to its customers in July, a figure qualified as “reassuring” by Deutsche Bank.

In other markets, the euro lost 0.1% against the dollar at 1.1662 dollars. Oil remains upwards. The October contract on the Brent de Mer du Nord is advancing another 0.45% to 66.73 dollars while that of September on the WTI listed in New York gained 0.3% at 64.06 Dollars per barrel.