(BFM Bourse) – The Parisian index rose significantly at mid-session on Monday, January 6 after information from the Washington Post reporting that the president-elect could limit customs surcharges to certain sectors.
Big topic of 2025 on the stock market, American customs duties are already taking center stage this Monday, January 6.
The CAC 40 rose 2.04% around 1:07 p.m. to 7,428.86 points. The Paris index jumped suddenly after the Washington Post reported that the customs duties wanted by Donald Trump could be greatly reduced.
As a reminder, the American president-elect plans to introduce customs surcharges of 60% on Chinese imports as well as “universal duties” of 10% to 20% on those from other countries.
The Washington Post indicated this Monday that these “universal” customs duties could be restricted to certain sectors and would thus only cover “critical imports”.
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Luxury and semiconductors on the rise
The American media, which relies on three anonymous sources, writes that the exact list of industries which would be affected is not clearly established at present. But it could encompass the logistics chain of defense activities, medical equipment or even energy-related components.
These announcements caused the euro to jump against the dollar, with the euro zone currency gaining 1.05% against the greenback to $1.0417 around 1:10 p.m. The customs surcharges wanted by Donald Trump had, in recent weeks, allowed the dollar to climb against other currencies.
On the values side, the information from the Washington Post has clearly boosted the appetite for risk, allowing the vast majority of CAC 40 residents to move in the green. Luxury, a sector which had suffered from fears of the introduction of customs surcharges, is progressing significantly. Kering and LVMH take more than 5%, Hermès gains more than 4.5%.
The biggest increase in the CAC 40, however, came from Stellantis (+7%). Analysts have, in recent months, highlighted that the American group could be penalized by potential American customs surcharges against Canada and Mexico.
“If this measure were implemented, it would be catastrophic for the American auto industry and Detroit automakers, all of whom import significant numbers of vehicles from Canada and Mexico,” Bernstein wrote in November.
STMicroelectronics and, excluding CAC 40, Soitec took 6.9% and 6.2% respectively. Both companies are buoyed by the good results of Foxconn, a major subcontractor of Apple, itself a major customer of semiconductor groups (notably STMicroelectronics).
Imerys takes off by 11%, thanks to announcements which suggest the end of the heavy talc issue in the United States.
On other markets, oil is moving little. The March contract on North Sea Brent gained 0.5% to $76.88 per barrel while the February contract on WTI listed in New York advanced 0.5% to $74.35 per barrel.
Julien Marion – ©2025 BFM Bourse
