CAC 40 Down Nearly 2.5% As Tumble On Trump's Tariff Announcement

RTTNews | 70 dagar sedan
CAC 40 Down Nearly 2.5% As Tumble On Trump's Tariff Announcement

(RTTNews) - French stocks are down sharply Thursday morning, mirroring losses in markets across Europe amid concerns about the impact of new tariffs announced by U.S. President Donald Trump.

The U.S. President announced a 10% baseline on all US imports and a 20% rate for goods from the European Union, with a steeper 25% tariff on imported cars set to take effect immediately.''

It is feared that the new levies could fuel inflation and disrupt global supply chains and lead to trade wars.

President of the European Commisson, Ursula von der Leyen posted on X that the universal tariffs announced by the U.S. are a major blow to businesses and consumers worldwide. "Europe is prepared to respond. We'll always protect our interests and values. We're also ready to engage," she wrote.

The benchmark CAC was down 189.52 points or 2.41% at 40 7,669.31 a few minutes ago.

Essilor is down nearly 6.5%. Bureau Veritas is declining 4.2% and BNP Paribas is down nearly 4%. Legrand, LVMH, Hermes International, Kering, ArcelorMittal, Saint Gobain, Dassault Systemes and Accor are down 3 to 3.7%.

Societe Generale, Safran, Publicis Groupe, Airbus, Credit Agricole, Schneider Electric, Michelin and Capgemini are lower by 2 to 3%.

STMicroElectronics, L'Oreal, TotalEnergies, Renault, AXA, Air Liquide, Teleperformance and Veolia Environment are also notably lower.

Eurofins Scientific is up nearly 4%. Orange, Danone, Carrefour and Engie are gaining 1.5 to 2.3%. Stellantis and Sanofi are up with modest gains.

Data from S&P Global said the HCOB France Composite PMI for March 2025 was revised slightly up to 48, from the flash estimate of 47, and above February's 13-month low of 45.1.

France's private sector saw its seventh consecutive month of contraction, although the downturn was just modest and the mildest since October 2024. Manufacturing activity improved with the PMI score coming in at 48.5, up from 45.8 in February, while services PMI improved to 47.9 from 45.3.

Eurozone producer price inflation accelerated notably in February on surging energy prices, Eurostat reported Thursday. Producer prices logged an annual growth of 3% in February, following January's 1.7% increase.

Eurozone March final HCOB Composite Output Index came in with a score of 50.9, up from February's 50.2 reading.

read more
Thai Stock Market May Erase Thursday's Losses

Thai Stock Market May Erase Thursday's Losses

The Thai stock market on Thursday ended the two-day winning streak in which it had risen more than 6 points or 0.6 percent. The Stock Exchange of Thailand now rests just beneath the 1,130-point plateau and it's expected to open higher on Friday.
RTTNews | 39 minuter sedan
Indonesia Shares May Move Higher On Friday

Indonesia Shares May Move Higher On Friday

The Indonesia stock market has moved lower in back-to-back sessions, slipping more than 25 points or 0.4 percent in that span. The Jakarta Composite Index now rests just above the 7,200-point plateau although it may find support on Friday.
RTTNews | 1h 9minuter sedan
Japanese Market Sharply Lower

Japanese Market Sharply Lower

Extending the losses in the previous session, the Japanese market is sharply lower on Friday, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is falling below the 37,600 level, with weakness across most sectors led by index heavyweights, exporters and technology stocks.
RTTNews | 1h 11minuter sedan
Little Movement Seen For Hong Kong Stock Market

Little Movement Seen For Hong Kong Stock Market

The Hong Kong stock market has alternated between positive and negative finishes through the last five trading days since the end of the three-day winning streak in which it had rallied almost 750 points or 3.5 percent. The Hang Seng Index now sits just above the 24,030-point plateau and it's likely to remain rangebound on Friday.
RTTNews | 1h 24minuter sedan
Australian Market Slightly Lower

Australian Market Slightly Lower

The Australian stock market is trading slightly lower on Friday after opening in the green, extending the losses in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 8,600 level, with weakness is technology stocks partially offset by gains in gold miners and energy stocks.
RTTNews | 1h 34minuter sedan
China Stock Market May Add To Its Winnings On Friday

China Stock Market May Add To Its Winnings On Friday

The China stock market has moved higher in back-to-back sessions, collecting more than 15 points or 0.4 percent in that span. The Shanghai Composite Index now sits just above the 3,400-point plateau and it's expected to see continued strength on Friday.
RTTNews | 1h 39minuter sedan
Taiwan Shares May Bounce Higher Again On Friday

Taiwan Shares May Bounce Higher Again On Friday

The Taiwan stock market on Thursday ended the three-day winning streak in which it had rallied more than 810 points or 3.6 percent. The Taiwan Stock Exchange now sits just beneath the 22,290-point plateau and it may see renewed support on Friday.
RTTNews | 2h 9minuter sedan
Singapore Bourse May Extend Thursday's Gains

Singapore Bourse May Extend Thursday's Gains

The Singapore stock market on Thursday ended the two-day slide in which it had fallen more than 15 points or 0.4 percent. The Straits Times Index now sits just above the 3,920-point plateau and it's tipped to open to the upside again on Friday.
RTTNews | 2h 39minuter sedan