Stock market remains composed amidst Donald Trump's allegations against CAC 40
Stock markets fluctuate, and on Wednesday, April 30, the Paris Stock Exchange experienced a slight increase. Taking advantage of some tranquility on the tariff front, the CAC 40 index added 0.30%, reaching 7,578.30 points.
Investors focused on corporate earnings reports, with the appetite for risk confirmed on the markets. The relaxation of tariffs on automotive parts was a notable factor, as reported by President Trump's latest announcements.
U.S. automotive manufacturers, such as Stellantis, may benefit from this change, although the automaker has suspended forecasts for 2025 due to tariff uncertainties and market dynamics.
Meanwhile, Société Générale, France's largest bank, reported a net income multiplied by 2.4 in the first quarter, resulting in a 4.91% stock increase. Analysts admired the bank's "solid profits" and its overall performance.
On the other hand, TotalEnergies faced a challenging quarter, reporting a 33% decrease in net profit. Despite their solid results, the group's stock dropped following market doubts about volatile oil prices and depressed refining and petrochemical margins.
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Source: AFP, Reuters, Bloomberg
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Stock Market, CAC 40, Donald Trump
- The slight increase in the Paris Stock Exchange's CAC 40 index on April 30 was partly influenced by President Trump's announcements of tariff relaxation on automotive parts.
- U.S. automotive manufacturers, such as Stellantis, may potentially benefit from the tariff relaxation, although the company has suspended forecasts for 2025 due to uncertainties and market dynamics.
- On the other hand, despite TotalEnergies reporting solid results, their stock decreased due to market doubts about volatile oil prices and depressed refining and petrochemical margins.
- In the same context, investors focusing on corporate earnings reports showed a confirmed appetite for risk, with the CAC 40 index adding 0.30% and reaching 7,578.30 points.
