French Stocks Head for Weekly Loss

2026-04-24 07:47 By Czyrill Jean Coloma 1 min. read

The CAC 40 fell 0.8% to 8,163 on Friday, on track for its first weekly decline after four consecutive weeks of gains, as optimism surrounding a potential US–Iran peace agreement waned.

President Trump ordered the US Navy to “shoot and kill” Iranian boats laying mines in the Strait, renewing concerns over energy supply disruptions.

This development overshadowed a separate move in the Middle East, where Israel and Lebanon agreed to extend their ceasefire by three weeks.

Domestically, the consumer confidence indicator fell to 84 in April 2026 from 89 in March, below market expectations of 88 and marking the lowest reading since May 2023.

Meanwhile, attention also remained on earnings.

Safran dropped 2.8% to its lowest level since July 2025, despite strong Q1 revenue and an upbeat full-year outlook.

Sanofi also slipped 1.3% despite solid Q1 results and reaffirmed guidance.

In contrast, TotalEnergies rose 1.4%, supported by higher energy prices amid ongoing geopolitical uncertainty.



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French Stocks Head for Weekly Loss
The CAC 40 fell 0.8% to 8,163 on Friday, on track for its first weekly decline after four consecutive weeks of gains, as optimism surrounding a potential US–Iran peace agreement waned. President Trump ordered the US Navy to “shoot and kill” Iranian boats laying mines in the Strait, renewing concerns over energy supply disruptions. This development overshadowed a separate move in the Middle East, where Israel and Lebanon agreed to extend their ceasefire by three weeks. Domestically, the consumer confidence indicator fell to 84 in April 2026 from 89 in March, below market expectations of 88 and marking the lowest reading since May 2023. Meanwhile, attention also remained on earnings. Safran dropped 2.8% to its lowest level since July 2025, despite strong Q1 revenue and an upbeat full-year outlook. Sanofi also slipped 1.3% despite solid Q1 results and reaffirmed guidance. In contrast, TotalEnergies rose 1.4%, supported by higher energy prices amid ongoing geopolitical uncertainty.
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