The values of the industrial and aeronautical sector suffer Tuesday, May 6 from the uncertainty around the customs duties of Donald Trump (AFP / Ludovic Marin)
The Paris Stock Exchange finished down 0.40% on Tuesday, being wait -and -see on the eve of the meeting of the American Central Bank (Fed).
The CAC 40 star index of the Paris Stock Exchange fell 31.01 points to stand at 7,696.92 points at the end. On Monday, he finished down 0.55%.
“The main subject is still the American customs duties and, in the shorter term, which the Fed will decide” on Wednesday, at the end of its two days of meeting on its monetary policy, commented Guillaume Chaloin, Director of Actions Management of Delubac AM.
The market will be attentive to the speech of the president of the Fed, Jerome Powell and “will seek to see if he lets that a drop in rates can be expected,” he continued.
Since December, the rates of the powerful monetary institution have been in a range between 4.25% and 4.50%, and the market expects the status quo.
“The main problem of the Fed remains, at this stage, and as for several months, the unpredictability of American trade policy, in terms of the level of new taxes and calendar, making very difficult any new projection,” explains Alexandre Baradez, responsible for market analysis at IG France.
“This is a session that wanted to be wait -and -see before the Fed, but ultimately the Chancellor’s election in Germany reserved a surprise” during the session, noted Guillaume Chaloin.
-The Curator Friedrich Merz was elected Tuesday in the German Chancellor Pain by the deputies, being forced to do it twice, a sign announcing the difficulties that await him in power at a pivotal time for his country.
Unprecedented scenario in Germany, it took a second ballot in the Bundestag so that the president of the Christian Democratic Party (CDU) was ultimately barely worn as head of government.
The head of state Frank-Walter Steinmeier officially appointed him Chancellor in stride.
CAFAFE Sanctioned
The insurer-credit Coface which is part of the values of the SBF 120 finished in net drop by 6.47% to 17.36 euros after having published its results for the first quarter.
“American reversals in international trade are creating a high level of uncertainty, although their possible consequences are not yet visible,” said Xavier Durand, the group’s general manager.
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CAC40
