A Euronext Paris trading room
The main European stock markets are moving in the red at the start of the session on Tuesday, the markets taking the hit after Donald Trump's denial Monday evening of possible customs duties less firm than expected.
In Paris, the CAC 40 fell by 0.21% to 7,436.50 points around 08:40 GMT. The Dax in Frankfurt lost 0.13%, while the FTSE in London declined by 0.47%.
The pan-European FTSEurofirst 300 index lost 0.13%, the EuroStoxx 50 fell 0.22% and the Stoxx 600 declined 0.35%.
The European markets, which had benefited on Monday from information according to which the future President of the United States Donald Trump could impose less firm customs tariffs than expected once in power, took the blow on Tuesday after a denial from the person concerned.
At the same time, investors are awaiting data on inflation in the euro zone which will be published during the session after data on French inflation rather in line with analysts' forecasts.
This is the latest price data ahead of the next European Central Bank (ECB) meeting on January 30 and as markets bet on a 100 basis point rate cut in 2025.
In terms of values, Sodexo lost 7.7% after reporting on Tuesday moderate growth in its turnover for its first quarter.
(Written by Bertrand De Meyer, edited by Blandine Hénault)
