French Stocks Set for Sharp Monthly Loss
2026-03-31 08:00
By
Czyrill Jean Coloma
1 min. read
The CAC 40 rose 0.6% to 7,819 on Tuesday, extending gains from the previous session as investors assessed signs of a potential de-escalation in the Middle East conflict.
Reports emerged that US President Trump said he would be willing to halt operations against Iran, even if the Strait of Hormuz remained closed.
However, Iran struck a Kuwaiti oil tanker near Dubai, underscoring persistent regional volatility.
Domestically, preliminary estimates showed that the annual inflation rate climbed to an over one-year high of 1.7% in March 2026, driven by a strong rebound in energy prices, which reflect the impact of the war in the Middle East.
Notable gains were recorded in Safran (1.2%), Sanofi (1.4%), AXA (1.2%) and Vinci (1.5%), while STMicroelectronics (-2.5%), Kering (-1.1%), and TotalEnergies (-1.3%) were among the decliners.
Despite recent gains, the CAC 40 is set for a steep monthly decline, as the ongoing war in the Middle East continues to weigh heavily on investor sentiment.