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.
Australian Market Trims Early Losses In Mid-market
Asian Markets Trade Mostly Higher
Sensex, Nifty Set To Open Lower As New U.S. Tariffs Take Effect
Swiss Market Settles Modestly Higher
Japanese Market Notably Higher
Thai Bourse May Halt Losing Streak On Thursday
Australian Market Slightly Lower
