The Paris Stock Exchange evolves timid increased on Monday, in a wait -and -see European market, the remaining investors cautious in the face of Donald Trump customs duties which could also aim for Europe.
Around 9:45 am, the CAC 40 star index took 0.16% to 7,985.48 points, a gain of 12.45 points. Friday, he finished down 0.43% to 7,973.03 points.
“A new week begins with threats of customs duties”Comments Ipek Ozkardeskaya, analyst for Swissquote.
President Trump has taken a new stage on Sunday in the commercial offensive he launched from the start of his mandate, promising to impose 25% of customs duties on steel and aluminum imported to the United States .
Donald Trump also said he would announce “Tuesday or Wednesday” of the “Reciprocal customs duties”in order to align the taxation of products entering the United States on the way in which American products are taxed abroad.
Europe may well be the next target and prepares for the showdown with the United States, “What could weigh on confidence in European actions after a dazzling start to the year”Note Kathleen Brooks, research director at XTB.
“Generalized customs duties on European imports to the United States may have a devastating effect on European growth and would probably trigger a significant market reaction”she continues.
“The theme of trade war will remain in the coming months a major point of attention to investors”estimates Christopher Dembik, investment strategy advisor at Pictet AM.
Airbus stays on the ground
Airbus acknowledged on Friday that the progress necessary for the development of a hydrogen aircraft proved to be “Slow than expected”.
The European giant, which so far aside to market such a device “Zero emission” By 2035, while the air sector is committed to no longer contributing to global warming by 2050, has not communicated a new deadline.
The group’s title lost 0.24% to 166.52 euros around 9:45 am.
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