French Stocks Open Lower

2026-02-02 09:13 By Joshua Ferrer 1 min. read

The CAC 40 index fell 0.3% to around 8,100 on Monday, reversing gains from the previous session, as a global risk-off wave swept through markets amid renewed concerns over elevated AI valuations and a sharp slide in commodity prices.

Expectations that Fed nominee Kevin Warsh could adopt a hawkish stance lifted the dollar and put pressure on commodities.

At the same time, reports that Nvidia’s $100 billion investment in OpenAI had stalled, with executives expressing doubts, added caution across tech stocks.

Chipmaker STMicroelectronics led the losses, plunging around 4% to a two-week low, while LeGrand and Exosens dropped more than 1% each, dragging the broader sector lower.

Oil producer TotalEnergies also went down 2.3%.

Meanwhile, gains in luxury and insurance stocks limited the declines.

Sentiment also found support after France’s manufacturing sector showed resilience, with the HCOB PMI rising to 51.2 in January, its highest reading since June 2022.



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2026-02-02
French Stocks Open Lower
The CAC 40 index fell 0.3% to around 8,100 on Monday, reversing gains from the previous session, as a global risk-off wave swept through markets amid renewed concerns over elevated AI valuations and a sharp slide in commodity prices. Expectations that Fed nominee Kevin Warsh could adopt a hawkish stance lifted the dollar and put pressure on commodities. At the same time, reports that Nvidia’s $100 billion investment in OpenAI had stalled, with executives expressing doubts, added caution across tech stocks. Chipmaker STMicroelectronics led the losses, plunging around 4% to a two-week low, while LeGrand and Exosens dropped more than 1% each, dragging the broader sector lower. Oil producer TotalEnergies also went down 2.3%. Meanwhile, gains in luxury and insurance stocks limited the declines. Sentiment also found support after France’s manufacturing sector showed resilience, with the HCOB PMI rising to 51.2 in January, its highest reading since June 2022.
2026-02-02