Advertisement
CAC Moderately Lower As Investors Await Progress In Trade Talks
(RTTNews) - French stocks are notably lower on Tuesday amid rising uncertainty over U.S.-EU trade talks ahead of the August 1 deadline. The mood is very cautious with investors awaiting a slew of earnings updates from big name French companies.
According to media reports, the European Union is preparing to respond with a suite of retaliatory measures under its Anti-Coercion Instrument (ACI) following U.S. President Donald Trump's threat to impose a 30% tariff on EU goods from 1 August.
Also, the prospect of an interim trade deal between the U.S. and India before the August 1 deadline have dimmed due to persistent disagreements over key agricultural and dairy products.
The benchmark CAC 40 was down 61.68 points or 0.79% at 7,736.54 a few minutes ago.
STMicroElectronics is down 2.7%. Capgemini and Saint Gobain are down by about 2.2% and 2.1%, respectively.
Stellantis, Schneider Electric and Airbus are down 1.6 to 1.9%. Safran, Legrand, LVMH, Bureau Veritas, Vinci, EssilorLuxottica, Hermes International, Societe Generale, Air Liquide and Michelin are down 0.6 to 1.25%.
Among the gainers, Engie is up 1.35%. Edenred, Orange, Veolia Environment, Pernod Ricard, Accor, Kering and Carrefour are advancing 0.3 to 0.7%.
Canadian Stocks Climb As U.S.-Canada Talks Continue
Gold Slips As U.S. Tariff Concerns Start To Ease
Crude Falls As Chevron Allowed To Start Operations In Venezuela
U.S. Dollar Firms On Easing Trade Tensions
Swiss Market Ends Notably Lower
European Stocks Close Lower On Trade Deal Concerns, Some Weak Earnings Updates
Russia Slashes Interest Rates Again On Easing Price Pressures
