The CAC 40 reaches a new record after the Supreme Court's decision on Trump's tariffs
The CAC 40 index hit a record high of over 8500 points following the U.S. Supreme Court's ruling against Donald Trump's tariffs.
On a significant trading day for the Paris Stock Exchange, the CAC 40 index achieved a historic milestone by surpassing 8500 points for the first time ever. This increase comes in the wake of a landmark decision by the U.S. Supreme Court, which ruled that former President Donald Trump's imposition of tariffs on a wide range of imports was unconstitutional. This ruling is expected to have substantial implications on trade and economic relations, particularly between the United States and its trading partners.
Leading this surge in the CAC 40 were companies heavily reliant on exports to the United States, particularly in the luxury and spirits sectors. Noteworthy gains were reported from major French brands, with LVMH, Hermรจs, and Kering showing increases of 4.61%, 3.68%, and 1.60%, respectively. The positive market reaction reflects investor confidence in the potential reopening of trade channels and expectations of more favorable economic conditions following the Supreme Court's verdict.
Economists and market analysts are now closely monitoring how this ruling will affect both U.S. and European markets moving forward. As the global economic landscape continues to adjust to ongoing trade challenges, this record-setting performance of the CAC 40 may signify a broader recovery trend, emphasizing the interconnectedness of international markets and the potential for growth within industries reliant on cross-border trade.