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The French CAC 40 is up today. By 0.39% to 7,825.83 points. Curious, considering Trump's announcement about new tariffs.
The U.S. president has dropped a bombshell. A 100% tariff on imported medicines. Also, a 25% tariff on heavy trucks. This would start in October. Kitchen and bathroom furniture are not spared.
Some values stand out. Credit Agricole, Bouygues and EssilorLuxottica are going up. Between 2% and 2.2%. Not bad. AXA, BNP Paribas and others are also gaining ground.
But not everything is rosy. Euronext plummets more than 3%. Ouch. Pernod Ricard and a couple more also suffer losses.
It seems that investors are moving past trade tensions. They prefer to look for bargains after recent declines. Optimism about Europe helps, apparently. But who really knows what goes through their minds.