\n<\/p>\n
French stocks are reeling under a severe selling pressure on Friday with U.S. President Donald Trump’s announcement of sweeping new tariffs hurting investor sentiment.<\/p>\n
Trump has imposed retaliatory duties of upto 41% on nations with whom U.S. has no formal trade deals. On European exports to U.S., a 15% tariff has been imposed. <\/p>\n
Pharma stocks were coming under heavy selling pressure after U.S. President Donald Trump asked 17 major global pharmaceutical companies to lower drug prices in the U.S.<\/p>\n
Investors are also digesting the latest batch of earnings updates, and some economic reports.<\/p>\n
The benchmark CAC 40 was down 147.94 points or 1.9% at 7,624.03 a few minutes ago.<\/p>\n
Teleperformance is tanking more than 16% after the company lowered its 2025 like-for-like revenue growth guidance to the lower end of its prior 2% to 4% range and maintained its recurring EBITA margin forecast of 15.0% to 15.1% at constant exchange rates. <\/p>\n
AXA is down 6.7% after first-half profit came in below estimates. Saint-Gobain is declining 5.1% despite reporting a 3.4% year-over-year increase in first-half sales at constant currencies.<\/p>\n
Schneider Electric, Accor, Airbus Group, Edenred, Capgemini, STMicroElectronics, Dassault Systemes, BNP Paribas, Engie, Societe Generale, Hermes International, Safran and Unibail Rodamco are down 2 to 5%.<\/p>\n
L’Oreal, Credit Agricole, LVMH, Legrand, ArcelorMittal, Thales, Veolia Environment, Publicis Groupe, Renault and Stellantis are also notably lower.<\/p>\n
Orange is gaining more than 2%. Danone is rising 1.75% and Orange is gaining about 1.3%.<\/p>\n
Data from S&P Global showed the HCOB France Manufacturing PMI came in at 48.2 in July 2025, slightly lower than initial estimates of 48.4 and broadly unchanged from June’s reading of 48.1.<\/p>\n
Data from Eurostat showed Eurozone inflation remained stable at the European Central Bank’s 2% target in July. The harmonized index of consumer prices increased 2% year-on-year in July, the same rate of increase as seen in June. Inflation was forecast to ease to 1.9%.<\/p>\n
Core inflation that excludes prices of energy, food, alcohol and tobacco also remained stable in July, at 2.3%. <\/p>\n<\/p>\n
Market Analysis<\/p>\n<\/div>\n