CAC 40 Down 1.7% On Stocks Fall On Tariff Jitters
(RTTNews) - The French stock market is down sharply a little past noon on Monday with investors pressing sales almost across the board amid rising fears of a global trade war following the U.S. President Donald Trump that he will likely impose duties on "essentially all" of the U.S.'s trading partners.
France's Trade Minister Laurent Saint-Martin has stressed that Europe must not be "pushed around" in a trade conflict it did not seek.
The benchmark CAC 40 was down 133.04 points or 1.68% at 7,783.04 a little while ago.
Among the constituents of CAC 40, only Orange is up in positive territory, gaining a little over 1%.
Teleperformance is down more than 5%. Societe Generale, Capgemini, Saint Gobain, Stellantis, Kering, Publicis Groupe and STMicroElectronics are declining 3 to 4%.
LVMH, Pernod Ricard, Renault, Schneider Electric, Accor, Michelin, Dassault Systemes, BNP Paribas, Airbus, Eurofins Scientific, ArcelorMittal, Edenred, Legrand, Sanofi and Hermes International are down 2 to 3%.
U.S. Dollar Falls Against Most Majors
German Inflation Accelerates To 2.2% In August
Canadian Market Up In Positive Territory; BRP Rises Sharply On Strong Earnings
Swiss Market Ends Modestly Lower
European Stocks Close Lower On Geopolitical Tensions
U.S. Consumer Sentiment Deteriorates Slightly More Than Initially Estimated In August
Chicago Business Barometer Slumps Much More Than Expected In August
