The Paris Stock Exchange fell on Friday, weighed down by concerns in Europe concerning the upcoming impact of Donald Trump’s commercial policy and the retaliation measures of the old continent.
The star index CAC 40 lost 0.66% around 9:45 am, dropping 58.38 points to 8,035.82 points.
The European squares, Paris in the lead, have been taking advantage of investors for several weeks, looking for opportunities elsewhere than in Wall Street, which has reappeared.
The CAC 40 index has won 11.30% for three months, the London star index 7.40%, that of Frankfurt 16.00% and that of Milan 16.15%.
But, like the other European places, Paris finished down yesterday (-0.95%), which suggests that the CAC 40 is no longer “Apart from the turpitudes of American actions”noted Christopher Dembik, investment strategy advisor at Pictet AM.
Thursday, three central banks-Celles from Switzerland, England and Sweden-expressed the uncertainty that Donald Trump’s commercial policy gave birth to for their growth and inflation forecasts, essential when determining guiding rates.
The president of the American central bank (Fed) Jerome Powell had similarly estimated on Wednesday that “Unusually high uncertainty (was). »»
In this context, he had noted inflation forecasts in the United States for 2025 and lowered those concerning American growth.
The date of April 2 is in all minds: it is at this deadline that the so -called customs duties “Converse” Desired by Donald Trump must be set up.
Until then, the position of each other can evolve. The European Commission announced Thursday reporter of two weeks, in mid-April, the entry into force of its countermeasures aimed at American products in response to the 25% taxes decided by Donald Trump on steel and aluminum.
Europe has also been taking advantage of massive investments on the continent in defense for several weeks.
The European Union thus kicked off a plan of 800 billion euros on Wednesday to rearm the continent by 2030, faced with the Russian threat and the risk of American disengagement.
Germany is expected to open the expenditure valves to finance its defense and relaunch its economy.
These capital announcements had delighted investors. But the enthusiasm seems to slow down: “Many investors today consider that most of the European expenses to come in terms of infrastructure and defense have already been taken into account” In stock prices, which should no longer increase, or even could decrease, notes Ipek Ozkardeskaya, analyst of Swissquote Bank.
Ubisoft comes back to reality
The French Ubisoft video game giant lost 4.70% in Paris around 9:45 a.m. GMT, one of the largest decreases among the 600 largest European capitalizations in the first exchanges.
Ubisoft’s action had closed up 3.85% Thursday, a day of exit of the highly anticipated opus from the Assassin’s Creed series, which received a rather favorable reception of criticism.
Over the week, Ubisoft’s action is down 4.92%.
Beneteau takes water
The French manufacturer of boats Beneteau presented a net profit in a fall of 37% in 2024 on Thursday evening compared to 2023 to 92.9 million euros due to a decline in sales on almost all the ship segments.
Its action lost 10.97% around 9:50 am.
(Tagstotranslate) Commercial