{"id":61801,"date":"2025-07-11T10:46:15","date_gmt":"2025-07-11T10:46:15","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/07\/11\/cac-40-down-more-than-1-as-trade-war-concerns-hurt-sentiment\/"},"modified":"2025-07-11T10:46:15","modified_gmt":"2025-07-11T10:46:15","slug":"cac-40-down-more-than-1-as-trade-war-concerns-hurt-sentiment","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/07\/11\/cac-40-down-more-than-1-as-trade-war-concerns-hurt-sentiment\/","title":{"rendered":"CAC 40 Down More Than 1% As Trade War Concerns Hurt Sentiment"},"content":{"rendered":"
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French stocks are notably lower on Friday, weighed down by losses in automobile and luxury sectors. The mood in the market is a bit bearish, in line with other major markets<\/span> in Europe, amid renewed worries about tariffs.<\/p>\n

The U.S. President Donald Trump announced a 35% tariff on Canadian imports, starting Aug. 1, in a dramatic escalation of a trade war with the United States’ closest ally over the country’s alleged role in fentanyl flows.<\/p>\n

Trump also talked about blanket tariffs of 15% to 20% on most of America’s trading partners and announced plans to make a ‘major statement’ on Russia, denting investors’ appetite for riskier assets.<\/p>\n

Investors also waited for a word on tariffs for the European Union. The U.S. currently imposes 50% tariffs on EU steel and aluminum, 25% on cars and 10% ib all EU imports.<\/p>\n

The benchmark CAC 40 was down 80.22 points or 1.02% at 7,822.03 a little while ago. <\/p>\n

Stellantis and Kering are down 3.7% and 3.6%, respectively. LVMH, STMicroElectronics, Teleperformane, Capgemini, Hermes International and EssilorExottica are declining 2 to 2.5%.<\/p>\n

Societe Generale, Edenred, BNP Paribas, Saint Gobain, Publicis Groupe, Credit Agricole, Unibail Rodamco, Renault, ArcelorMittal and Pernod Ricard are also notably lower.<\/p>\n

Thales is rising 1.5% and Engie is gaining about 0.7%, while Orange and Safran are up marginally.<\/p>\n

Final data from the statistical office INSEE showed France’s consumer price inflation increased in June, at a faster than previously estimated pace.<\/p>\n

Consumer price inflation increased to 1% in June from 0.7% in May. June’s inflation was revised up from 0.9%. Similarly, EU harmonized inflation was revised to 0.9% from 0.8%. <\/p>\n

Month-on-month, the France’s consumer price index climbed by revised 0.4%, reversing a 0.1% drop in May. The flash estimate showed a 0.3% rise in consumer prices.<\/p>\n

The harmonized index of consumer prices gained an unrevised 0.4%, in contrast to the 0.2% fall in May. <\/p>\n<\/p>\n

Market Analysis<\/p>\n<\/div>\n