The key index of the French stock market, CAC 40, experienced a decline into negative territory after a lackluster opening on Wednesday morning, as investors maintained a cautious stance amid concerns over trade tensions stemming from U.S. President Donald Trump’s tariff threats. Trump stated on Tuesday that he intends to impose a 200% tariff on French wines and Champagnes, a decision he asserted would compel French President Emmanuel Macron to ?Join the Board of Peace initiative aimed at resolving global conflicts.

Market participants were keenly anticipating U.S. President Donald Trump’s address at the World Economic Forum in Davos. The CAC 40 experienced a decline of 16.55 points, reflecting a decrease of 0.21%, settling at 8,046.03 just moments ago. The index experienced a slight increase, reaching 8,076.18 during the initial trading session.

• Euronext experienced a decline of approximately 2.25%, with Societe Generale and Unibail Rodamco decreasing by 1.7% and 1.6%, respectively.
• BNP Paribas, AXA, Engie, Bouygues, Schneider Electric, and Credit Agricole saw losses ranging from 0.7% to 1%.
• Among the gainers, ArcelorMittal increased by 3.6%, Pernod Ricard rose by 3.4%, and Renault saw an advancement of 2.3%.
• Veolia Environment, LVMH, TotalEnergies, Kering, Michelin, STMicroElectronics, and L’Oreal experienced declines ranging from 0.6% to 1.1%.

Danone experienced a decline of nearly 6.5%, impacted by rating downgrades from analysts. Bank of America has reaffirmed its underperform rating on the stock and made a slight adjustment to its price target.