The Paris Stock Exchange ended up 0.48% on Tuesday, taking advantage of the absence of an announcement from Donald Trump on his trade policy towards Europe in the first hours of his presidential mandate to gain ground.
The flagship CAC 40 index advanced 37.45 points and stood at 7,770.95 points at the close. On Monday, it gained 0.31%.
“It was ultimately a surprising and uneventful session the day after Trump took office, while the market was expecting more sensational announcements on his first day,” commented Alexandre Baradez, head of the analyst markets for IG France.
“Without being naive about Trump's intentions on Europe, investors remained positive while awaiting details on the United States' trade policy” concerning Europe and China, he added.
From his first day in power, the new American president signed a barrage of texts, including: the withdrawal of the United States from the World Health Organization (WHO) and the Paris climate agreement, the implementation establishment of a state of emergency on the border with Mexico against immigration, and the pardon of more than 1,500 attackers of the Capitol.
He also said that he planned to impose customs duties of 25% on products from Canada and Mexico starting February 1.
“The fact that he did not do the same thing for Europe and for China has maintained a certain calm on the markets” for the moment, observed Mr. Baradez.
However, “even if Trump has relatively spared Europe in recent hours, he still made it clear that Europeans were going to have to buy a lot more American oil and gas to fill the trade deficit,” detailed the analyst. .
-“It would therefore be surprising if the relative calm which reigns on the European equity markets continues for a long time, volatility should increase,” he continued.
Departure at the head of Eramet
Christel Bories will cede her duties as general manager of the French mining group Eramet (-1.29% to 57.30 euros) after the group's general meeting of shareholders on May 27, but wishes to remain president, announced the business.
Arkema plans to cut jobs
The French chemist Arkema (-1.71% to 74.55 euros) announced plans to eliminate 154 of the 344 positions at its Jarrie factory, in Isère, as a result of a refocusing of the site, caused by the difficulties of its supplier of Vencorex salt.
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