Paris (Reuters) – The main European stock markets opened slightly higher on Wednesday, as US President Donald Trump once again spoke of the need to reduce the US trade deficit.
In Paris, the CAC 40 rose 0.1% to 7,779.05 points around 08:05 GMT. The Dax in Frankfurt strengthened by 0.6%, while the FTSE in London increased by 0.09%.
The pan-European FTSEurofirst 300 index gained 0.29%, the EuroStoxx 50 gained 0.21% and the Stoxx 600 grew by 0.27%.
Donald Trump did not announce immediate customs duties during his inauguration on Monday and relief still dominates the stock markets, worried about trade turbulence.
However, the American president remains attentive to the American trade situation and has formulated new threats.
“Although (Donald Trump) has largely spared Europe in recent days, he has nevertheless made it clear that Europeans will have to increase their purchases of American oil and gas in order to reduce the trade deficit. He finally spoke of a right customs duty of 10% on all Chinese products due to the sale of Fentanyl”, recall Natixis analysts.
European investors will also be attentive to the statements of the President of the European Central Bank (ECB), Christine Lagarde, who will speak at 3:15 p.m. GMT on Wednesday at the World Economic Forum.
-The ECB must deal with persistent services inflation, a weak euro and weakening economic dynamics which complicate its activity.
In terms of values, Adidas jumped 3.7% after reporting good fourth-quarter results on Tuesday. The title leads its competitor Puma which increases by 2.3%.
Conversely, Alstom lost 3.5% after its third quarter results.
(Written by Corentin Chappron, edited by Blandine Hénault)
Swiss
