French Equities Retreat From Record

2026-02-23 08:58 By Joshua Ferrer 1 min. read

The CAC 40 slipped 0.2% to around 8,500 on Monday, after hitting a record high in the previous session, as investors weighed the impact of US President Donald Trump’s 15% temporary global tariff.

Trade concerns resurfaced after the US Supreme Court struck down Trump’s emergency tariffs, prompting him to first announce a 10% rate before quickly lifting it to 15%.

Meanwhile, US Trade Representative Jamieson Greer stressed that existing agreements, including last year’s deal with the UK, remain in place.

Geopolitical tensions also kept markets on edge as the US continued a military buildup in the Middle East amid stalled nuclear talks with Iran.

Trade-sensitive luxury stocks were mixed, with LVMH up 0.2%, while Hermes down nearly 0.5%.

Industrials mostly weighed, led by Airbus and Thales, dropping 1.4% and 2%, respectively.



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