The world’s stock markets were in negative territory on Tuesday, caught in a double bind : the approach of the August 1 deadline for trade negotiations between the European Union and the United States, and the launch of a highly scrutinized quarterly earnings season.
At midday, the CAC 40 was down 0.34% at 7,782.66 points, extending the previous day’s decline (-0.31%). In Frankfurt, Milan and London, the trend was similar, with all the main European markets down between -0.3% and -0.5%.
Across the Atlantic, however, US indices continued their race to the top. The S&P 500 broke through the symbolic 6,300-point barrier, buoyed by major technology companies such as Apple and Nvidia.
EU-US trade deal still uncertain
The imminence of August 1, the date on which Washington threatens to impose 30% tariffs on certain European imports in the absence of a trade agreement, acts as a real sword of Damocles for the markets. The European Union still hopes to reach a compromise, but concrete progress has been slow in coming.
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Read also > [STOCK MARKET UPDATE] The CAC 40 rebounds, between Trump’s about-face and trade tensions
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