CAC 40 Edges Lower

2026-03-11 16:51 By Felipe Alarcon 1 min. read

The CAC 40 index fell 0.2% to close at 8,042 as market participants weighed the implications of resilient global inflation and escalating geopolitical tensions in the Middle East.

Markets remained cautious following fresh US consumer price data that showed inflation holding at 2.4% which reinforced the narrative of delayed central bank policy easing.

European Central Bank officials continue to signal a readiness to act if energy price shocks from the Persian Gulf conflict threaten the medium term inflation target of 2%.

Luxury and consumer goods giants remained a significant drag on the broader market with Hermes and LVMH falling 1.4% and 0.8% respectively while industrial stocks like Safran and Essilor also posted notable losses.

TotalEnergies emerged as a rare bright spot by gaining 1.8% as Brent crude prices remained elevated near 90 dollars per barrel amid reports of commercial vessels being struck by projectiles in the Strait of Hormuz.



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