French Stocks Track European Peers Lower
2026-04-13 07:41
By
Czyrill Jean Coloma
1 min. read
The CAC 40 fell 1% to 8,181 on Monday, trimming gains from the previous week and tracking its European peers as market optimism waned following the collapse of peace talks between the United States and Iran.
Market anxiety deepened after U.S.
President Donald Trump signaled preparations for a blockade of the Strait of Hormuz, a critical artery for global oil flows, raising fears of significant disruptions to Iranian exports and broader energy markets.
On the monetary policy front, investors are recalibrating expectations, with attention turning to a more hawkish stance from the European Central Bank, as interest rate futures now indicate nearly three 25 bps hikes by year-end.
Heavyweight luxury names led the decline, with LVMH falling 1.5%, Hermès shedding 1.6%, and Kering dropping 2.4%, with all three set to report earnings later this week.
Financial stocks also weakened, including BNP Paribas (-1.4%), Crédit Agricole (-1.3%), and Société Générale (-1.9%).