(BFM Bourse) – The CAC 40 is moving sharply higher at mid-session on Wednesday January 22, the market digesting the American president's statements on Chinese customs surcharges. Schneider Electric and Legrand are supported by the announcement of the AI mega-project, Stargate.
For the moment, Donald Trump tends to carry the Paris Stock Exchange in recent days. The CAC 40 advanced by 0.9% this Wednesday, January 22, to 7,843.68 points, bringing its increase to more than 6% over the whole of 2025.
Investors continue to follow the announcements and declarations of the American president, particularly regarding customs surcharges.
In this sense, Donald Trump delivered a somewhat surprising statement on Tuesday. The tenant of the White House threatened to target the European Union and introduce customs duties of 10% on imports from China, “probably” from February 1. Which, however, is still quite far from the 60% previously mentioned during the presidential campaign.
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Schneider Electric se distingue
Spi AM's Stephen Innes calls it “a surprisingly moderate approach to China”. “I now suspect that the first wave of tariffs may be lighter and more measured than initially anticipated,” he added.
-Beyond customs duties, Donald Trump also announced the “Stargate” project, a joint venture between Softbank, OpenAI and Oracle. This new company intends to develop the infrastructures necessary for the development of artificial intelligence, in particular data centers. It plans initial investments of $100 billion which must then increase to $500 billion.
This announcement supports Schneider Electric and Legrand, two French groups with a strong presence in electrical equipment for data centers, which are growing by 3.3% and 3% respectively.
Excluding the CAC 40, Alstom fell 2% after exceeding expectations both for its turnover and its order intake in the third quarter. But the comments of its financial director on the intensification of competition and the lowering of production objectives may weigh.
On other markets, the euro is stable against the dollar at 1.0434 dollars. Oil is sluggish. The March contract on North Sea Brent rose 0.2% to $79.46 per barrel while that of the same maturity on WTI listed in New York advanced 0.2% to $76 per barrel.
Julien Marion – ©2025 BFM Bourse
