CAC 40 Modestly Higher Despite Trump's New Tariff Announcement

(RTTNews) - After back to back losses, the French market is up in positive territory on Friday with investors picking up stocks, shrugging off U.S. President Donald Trump's announcement of a fresh round of tariffs.

Trump announced on Thursday that branded pharmaceuticals imported into the U.S. will be levied a 100% tariff, and heavy-duty trucks will be imposed a 25% levy, effective October 1st. He has also proposed levies on kitchen cabinets, bathroom vanities.and upholstered furniture.

The benchmark CAC 40 was up 30.41 points or 0.39% at 7,825.83 a few minutes ago.

Credit Agricole, Bouygues and EssilorExottica are up 2 to 2.2%. AXA, BNP Paribas, ArcelorMittal, LVMH, Carrefour, Saint Gobain, Vinci and Societe Generale are gaining 1 to 1.5%.

Euronext is down more than 3%. Pernod Ricard, Capgemini and STMicroElectronics are down 2 to 2.1%.

Edenred is down by about 1%. Stellantis, Dassault Systemes, Publicis Groupe and Renault are down with modest losses.

RTTNews
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.
More articles by this source

Tags

Latest Articles

Data is currently not available