2025-01-08 13:33:04The CAC 40 slid 1.1% to below 7,410 on Wednesday afternoon, breaking a two-day winning streak as fears over the incoming Trump administration's tariff policies resurfaced. Reports indicated that President-elect Trump is considering declaring a national economic emergency to impose sweeping tariffs on both allies and adversaries, fueling uncertainty in global markets. In the Euro Area, economic sentiment fell to its lowest level since 2020 in December, while producer prices marked their sharpest increase since 2022 in November, further highlighting economic fragility. On the corporate front, luxury mega-caps underperformed with LVMH, Hermes, L'Oréal, and Kering posting losses between 1.2% and 3.1%. Conversely, shares of defense contractor Thales gained 2.5%, bolstered by Trump’s call for NATO members to boost defense spending to 5% of GDP.
2025-01-08 09:05:04The CAC 40 slipped 0.3% to 7,473 on Wednesday, snapping a two-session winning streak, as concerns were reignited over U.S. inflation and the Federal Reserve's monetary policy stance following Tuesday's release of services price data. Domestically, France’s trade deficit narrowed to €7.1 billion in November 2024 from a revised €7.5 billion in the previous month and compared to market expectations of a €7 billion shortfall. This marked the smallest trade deficit in four months, as exports grew by 2.9% month-over-month to €50.1 billion, outpacing the 1.8% increase in imports to €57.2 billion. On the corporate front, Eurofins Scientific plunged 3.3%, while L’Oréal and STMicroelectronics declined 1.5% each. Conversely, shares of Thales and Safran gained 1.4% and 1.1%, respectively, after Trump urged NATO members to increase defense spending to 5% of GDP.