CAC 40 Reverses Gains, Closes Lower

2026-04-07 15:52 By Felipe Alarcon 1 min. read

The CAC 40 reversed early momentum to close 0.7% lower at 7,909 on Tuesday as heightened geopolitical tensions and cooling domestic economic data overshadowed earlier gains.

Investor sentiment soured after President Donald Trump escalated his rhetoric against Iran, warning that a whole civilization could die tonight while reaffirming an 8 p.m.

deadline to reopen the Strait of Hormuz.

This ominous stance countered his previous remarks that negotiations were going well, leaving markets to price in a higher probability of military strikes on Iranian infrastructure.

On the domestic front, final estimates confirmed a contraction in private sector activity as the composite PMI fell to 48.8, driven by a slump in the services sector and a stagnant manufacturing reading of 50.

Luxury giants led the decline with L'Oréal tumbling 2.1% and Kering falling 2.8%, while heavyweights LVMH and Hermes each retreated more than 0.9%.

In contrast, STMicroelectronics bucked the trend with a 4.2% gain.



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