CAC 40 Dips on Escalating Middle East War
2026-04-13 16:30
By
Isabela Couto
1 min. read
The CAC 40 lost 0.4% to close at 8,229 following the collapse of US-Iran peace talks and US Navy preparations to blockade Iranian ports.
Oil prices surged on renewed supply concerns, reigniting stagflation fears and raising bets of a hawkish response by the ECB.
Luxury stocks declined on rising risk aversion, with L'Oreal down 0.6% and Kering down 1.6%, both set to report earnings later this week.
LVMH, which edged down this session, reported a 6% year-on-year revenue decline in Q1 2026 after the market closed.
In the industrial sector, Safran lost 1% and Danone fell 2.7%.
Meanwhile, Airbus gained 0.6% and Thales advanced 2.5% as defence-related stocks were supported by escalating geopolitical tensions.
Elsewhere, TotalEnergies rose 1.3% on higher oil prices.