CAC 40 Closes Week Lower
2026-03-27 17:05
By
Felipe Alarcon
1 min. read
The CAC 40 fell 0.9% to close at 7,702 on Friday to extend its losses as escalating Middle East tensions and surging energy costs overshadowed diplomatic efforts.
While President Trump pushed a strike deadline on Iranian infrastructure to April 6 the potential deployment of 10,000 additional US troops intensified fears of a direct ground conflict and structurally higher inflation.
Crude oil remaining near 2022 highs has reinforced the hawkish stance of ECB President Christine Lagarde who suggested rate hikes remain possible if energy volatility persists.
Most components closed in the red with notable losses in Schneider Electric 3.8% and Legrand at 2.8% while luxury giants LVMH and Hermes dropped 0.6% and 1.2% respectively.
Additional pressure came from STMicroelectronics falling 2.7% and Saint-Gobain losing 1.5%.
On the other hand, Pernod Ricard surged 7.9% following news it is in active merger discussions with American spirits giant Brown-Forman.