(BFM Stock Exchange) – The Parisian star index is coming down this Tuesday, July 15, welcoming without panicking figures showing a slight acceleration of inflation in June in the United States. This consumer price thrust was however anticipated by the market.
The Paris Stock Exchange completes this session from Tuesday July 15 in decline. Undacly in the middle of the day, CAC 40 has slightly accelerated its withdrawal, losing 0.54% to 7,766.21 points after the publication of data relating to prices in the United States.
Inflation in the United States therefore increased by 2.7% over a year in June, against a consensus at 2.6% and after 2.4% in May, according to the CPI consumer price index. The underlying inflation, “Core”, that is to say excluding energy and food prices, it came under 2.9% expectations in annual sliding in June against 2.8% the previous month and 3.0% according to a consensus built by the Wall Street Journal.
Too early to draw conclusions
“While customs duties have increased significantly in recent months, it is starting to be in the June inflation figures. The price of non-energy goods has increased slightly over the month. It is probably too early to draw great conclusions on the impact of customs duties, but the extent of the movement is currently like the Fed (Federal Reserve)”, analyzes Juliette Cohen.
However, the president of the federal reserve, Jerome Powell, undergoes incessant attacks on the part of the Trump administration, which presss it to lower the rates.
On the side of the manufacturing activity in the New York region, it progressed against all expectations in July. The “Empire State” index returned to positive territory, at 5.5 points against -9 expected by consensus and after -16 points in June.
L’Oréal is not worth it for Barclays
Investors are still monitoring the continuation of negotiations between the United States and its business partners on customs duties. On Monday, the Parisian index did not panic after Donald Trump brandished the threat of customs duties of 30% against the European Union during the weekend.
“The market does not believe in tax ads,” notes Alexis Bienvenu de la Financière de l’Échiquier.
“Having learned by the experience, last April, during the ubiquitous announcement of the ‘reciprocal taxes’, that the measures, even the most strongly hammered, could be questioned the next day or postponed without assured horizon, the investors now make few cases of the presidential announcements. They expect the economic reason to win at the very last moment”, he develops.
The markets also paid attention to the announcement of the savings plan of 43.8 billion euros of the French government for 2026. The Prime Minister, François Bayrou, said that he wanted to bring the public deficit to 4.6% in 2026 to increase to 2.8% in 2029. Which, in his plan, will go through a “white year”, in 2026, during which the expenditure of the state (excluding defense and the debt. even as social benefits.
As for the values, in Wall Street, the banks kicked off the results season in the United States when Nvidia increased by 4% after announcing on Tuesday the resumption of sales in China of its chips dedicated to artificial intelligence.
“This announcement is enormous (and) could add $ 1,000 billion to the company’s market capitalization simply because China is a gigantic market,” said AFP Christopher Low, of Fhn Financial.
In Paris, L’Oréal lost 1.5% suffering from a recommendation lowering from Barclays to “under-ponder” against “overlapping” previously.
In the other markets, the euro sells 0.45% against the dollar to 1.1613 dollars after the publication of figures for American inflation. Petroleum decreases a little. The September contract on the Brent de Mer of the North loses 0.4% at 68.92 Dollars per barrel while that of August on the WTI listed in New York fell 0.6% to 66.57 dollars per barrel.
Sabrina Sadgui – ©2025 BFM Bourse