CAC 40 Slips Ahead of ECB Rate Decision

2026-04-28 16:06 By Isabela Couto 1 min. read

The CAC 40 fell 0.5% to close at 8,104 on Tuesday as investors focused on upcoming central bank policy meetings, corporate earnings, and ongoing geopolitical uncertainty.

The European Central Bank is widely expected to keep rates unchanged on Thursday, but markets are watching for signals of future rate hikes to tackle persistent inflation, fueled in part by higher oil prices amid Middle East tensions.

The luxury sector posted losses amid risk aversion, with LVMH down 2.7%, Hermes down 2.1%, and Kering losing 3.1%.

Air Liquide fell 3.2% after reporting lower Q1 revenue, despite maintaining a positive outlook for margins and profit growth.

Investors are also awaiting results later this week from TotalEnergies (+1.9%), Michelin (+0.4%), Schneider Electric (-1.6%), as well as major banks including BNP Paribas (+1.5%) and Crédit Agricole (+1%).



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The CAC 40 Index Closes 0.25% Lower
The CAC 40 Index decreased 20 points or 0.25 percent on Tuesday to close at 8122 points. The decline was led by Bouygues (-3.56%), Air Liquide (-3.20%) and Eurofins Scientific SE (-2.89%). On the upside, the strongest performers were TotalEnergies SE (1.88%), BNP Paribas (1.51%) and Societe Generale (1.41%).
2026-04-28
CAC 40 Slips Ahead of ECB Rate Decision
The CAC 40 fell 0.5% to close at 8,104 on Tuesday as investors focused on upcoming central bank policy meetings, corporate earnings, and ongoing geopolitical uncertainty. The European Central Bank is widely expected to keep rates unchanged on Thursday, but markets are watching for signals of future rate hikes to tackle persistent inflation, fueled in part by higher oil prices amid Middle East tensions. The luxury sector posted losses amid risk aversion, with LVMH down 2.7%, Hermes down 2.1%, and Kering losing 3.1%. Air Liquide fell 3.2% after reporting lower Q1 revenue, despite maintaining a positive outlook for margins and profit growth. Investors are also awaiting results later this week from TotalEnergies (+1.9%), Michelin (+0.4%), Schneider Electric (-1.6%), as well as major banks including BNP Paribas (+1.5%) and Crédit Agricole (+1%).
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French Stocks Little Changed
The CAC 40 was little changed at around 8,138 on Tuesday after two straight sessions of losses, as investors focused on upcoming central bank policy meetings, corporate earnings, and ongoing geopolitical uncertainty. The European Central Bank is widely expected to keep rates unchanged on Thursday, but markets are watching for signals of future rate hikes to tackle persistent inflation, fueled in part by higher oil prices amid Middle East tensions. On the corporate front, Air Liquide fell 3.5% after reporting lower Q1 revenue, despite maintaining a positive outlook for margins and profit growth. Investors are also awaiting results later this week from TotalEnergies, Michelin, Schneider Electric, as well as major banks including BNP Paribas, Crédit Agricole, and Société Générale. Geopolitical concerns also linger, with US officials saying President Donald Trump is dissatisfied with Iran’s proposal to delay nuclear talks until the conflict and maritime disputes are resolved.
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