CAC 40 Down Marginally In Lackluster Trade
(RTTNews) - After opening on a marginally positive note, the French stock market retreated Monday morning, and remains a bit weak in lackluster trade a little before noon.
Uncertainty about the Trump administration's tariff moves ahead of the previously announced July 9 deadline appears to be rendering the mood cautious.
The U.S. President has ruled out extending the July 9 deadline, expressing confidence that agreements would be reached in time to avoid higher tariffs.
While discussions with Japan continue, the UK-US trade agreement, which was finalized last month, officially came into effect on Monday.
Meanwhile, there is still some uncertainty over key details with regard to U.S.-China trade deal.
The benchmark CAC 40, which advanced to 7,714.56 in early trades, was down 12.50 points or 0.16% at 7,679.05 a few minutes ago.
Societe Generale is down by about 2.3%. Renault is down nearly 2%, while Stellantis, BNP Paribas and Schneider Electric are down 1 to 1.3%.
Saint Gobain, ArcelorMittal, Airbus, Veolia Environment, Bouygues, Credit Agricole and Dassault Systemes are down 0.6 to 0.9%.
Among the gainers, L'Oreal is up 2.5%, while Kering, Hermes International, STMicroElectronics, Thales and Safran are rising 1.3 to 1.7%.
Carrefour, Capgemini, LVMH, Essilor, Danone and Accor are up with modest gains.
Higher Open Called For Japan Stock Market
KOSPI May Reclaim 3,200-Point Level
Korea Interest Rate Decision Due On Thursday
Swiss Franc Advances Against Majors
European Stocks Close On Mixed Note
Euro Falls Amid Political Uncertainty
Bay Street Likely To Open On Positive Note
