(BFM Stock Exchange) – The Parisian star index begins the week in withdrawal, opting for caution before a first wave of business results and the meeting of the European Central Bank. The market always lies at the slightest development on the customs duties file when approaching the deadline of August 1. Stellantis finally finished in the green.
The Paris Stock Exchange starts the week on a dull note. The CAC 40 fell 0.31% to the closure of this Monday, July 21, returning under 7,800 points, to 7,798.22 points.
At Wall Street, the atmosphere is a little different since the S&P 500 and the Nasdaq Composite scored new records respectively at 6,336.08 points and 21,077.37 points.
The market is preparing for a rain of publications. This week about ten companies from the Paris Stock Exchange will be on deck to announce their performances in the second quarter or the first half.
“The results season continues with SAP, Texas Instruments, Coca Cola (Tuesday), Alphabet, Hilton, Tesla, IBM (Wednesday), Blackstone, Deutsche Bank”, also recalls Christopher Dembik, investment strategy advisor at Pictet AM.
“We are not going to rush to conclude agreements”
This week’s agenda will also be animated by the meeting of the European Central Bank (ECB) on Thursday, at the end of which it should maintain its unchanged rates after seven consecutive drops.
“Given the great uncertainty about the outcome of negotiations (on customs duties between the United States and the European Union), we do not modify, at this stage, our economic forecasts or our call for a break during the BCE’s July meeting, followed by two decreases of 25 basis of the key rate, in September and December”, explain the economists of Barclays.
“Although we did not exclude the possibility that the United States and the EU reach a provisional agreement by August 1 which would maintain average customs duties on most EU products to 10%, we believe that it is more likely that improbable that Customs duties on the EU increase from 10%, but without reaching 30%,” they add.
In an interview with CNBC, Scott Bessent explained that the United States was not going to rush to sign commercial agreements, while the deadline of August 1 approved by President Donald Trump approaches for the entry into force of new customs duties.
“We are not going to rush to conclude agreements,” said Scott Bessent during an interview with the CNBC channel, ensuring that this strategy is the best way to put pressure on its business partners.
Stellantis in the red
On the values side, Stellantis published its preliminary figures for the first half, and said it expected a net loss of 2.3 billion euros over the first six months of 2025. The title finally ended up 1.60%, and second in the CAC 40 list, behind ArcelorMittal (+4.2%).
On the SBF 120, Covivio resumed 3.9% after having noted its annual recurring net income target on the fringes of its half -yearly results.
TF1, on the other hand, fell by 6.65%, after a degradation of Kepler Cheuvreux which lowers his opinion to buy and his lens of courses from 10 euros to 9.50 euros on the title of the audiovisual group.
In other markets, the euro jumped 0.66% to 1.1709 dollars. Oil is falling down. The September contract on the Brent de Mer of the North gives up 0.8% to 68.75 Dollars per barrel while that of August on the WTI listed in New York fell 0.7% to 65.92 Dollars per barrel.
Sabrina Sadgui – ©2025 BFM Bourse
