Overview

• The CAC 40 fell 0.52% to 7,788.50 on July 14 after Trump announced 30% duties on EU goods effective August 1.
• Investors fear the levies will drive up inflation and push back expected Federal Reserve rate cuts.
• The president also slapped 35% surtaxes on Canadian and 50% on Brazilian products over the weekend.
• Commission President Ursula von der Leyen and Trade Commissioner Maros Sefcovic are seeking urgent talks with Washington while holding off immediate EU retaliation.
• Valneva shares jumped 7.31% after the EMA lifted age-based restrictions on its Ixchiq chikungunya vaccine.