Major Tension Between Trump and Musk: Tesla Plunges, Volatility Lurks!
The public fallout between Donald Trump and Elon Musk is lighting up the markets! Tesla's sharp drop (-14%) is crystallizing concerns, and investors are wondering: how far could this quarrel impact Wall Street? Meanwhile, the CAC 40 is watching for key US jobs figures.
CAC 40 PREOPEN: 7,778 pts (-0.20%)
Macroeconomic Context:
- Wall Street is retreating, with the S&P500 down 0.5% and Nasdaq100 down 0.8%, dragged lower by tech and Tesla’s fall.
- In Europe, a slight pullback after cautious comments from the ECB, hinting at an imminent end to the rate-cutting cycle.
- Today, markets await the NFP report (US jobs), a key catalyst for the Fed.
- In Asia, a mixed session except for Japan and India (+0.5%). Korea closed.
Key Stocks of the Day
- Dassault Systèmes (DSY): lowers its ambitions.
- Thales (HO): suspends its job-cutting plan in the space sector.
- Energisme (ALNRG): announces a new strategy focused on creating shareholder value.
- Saint-Gobain (SGO): Benoit Bazin reappointed as CEO.
- Airbus (AIR): 51 deliveries but zero orders in May.
- Worldline (WLN): new CEO delivers a warning tone at AGM.
- GTT (GTT): strategic technology partnership with HHI.
- Vallourec (VK): completes acquisition of Thermotite do Brasil.
- Verallia (VRLA): AMF gives green light to BWGI's takeover bid.
- Valneva (VLA): positive data for its pediatric chikungunya vaccine.
- EQT/Waga Energy (WAGA): buyout at €21.55 + potential €2.15 bonus.
- Neoen (NEOEN): brings Portugal’s largest solar park online.
- HighCo (HCO): sells High Connexion + special €1 dividend.
- Xilam (XIL): planned transfer to Euronext Growth.
Expected Corporate Results Today
No major French earnings releases expected today.
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Have a great session everyone!
Sylvain Mouilhaud – Stock Market Coach.
