CAC 40 Records 3rd Straight Weekly Loss

2026-03-20 16:53 By Felipe Alarcon 1 min. read

The CAC 40 plunged 1.8% to close at 7,666 on Friday, recording its third consecutive weekly decline and hitting a fresh monthly low, as the rally inspired by diplomatic signals in the Middle East gave way to a broader selloff in European equities.

Despite earlier suggestions of de-escalation from US and Israeli leadership, investors rotated out of luxury and technology heavyweights while bracing for a hawkish interest rate path from the ECB.

Hermes International led the retreat with a 4.9% drop while Safran and Thales fell 4% and 2.7%, respectively as geopolitical uncertainty persisted.

The banking sector faced significant pressure with BNP Paribas sliding 2.8% and Societe Generale losing 4.2%.

Meanwhile energy major TotalEnergies fell 2.1% amid volatile crude prices.



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