French Stocks Hit 3-Week Low

2026-04-29 07:50 By Czyrill Jean Coloma 1 min. read

The CAC 40 fell 0.3% to 8,088 on Wednesday, extending its losing streak to a fourth consecutive session and hitting a three-week low, as investors remained subdued ahead of a dense slate of central bank decisions, economic data, and corporate earnings.

In Europe, attention is on the European Central Bank, which is widely expected to leave rates unchanged on Thursday, though rate hikes could return as early as June amid concerns that the initial energy-driven inflation shock may prove more persistent and seep into underlying price pressures.

Domestically, investors also await key data releases due Thursday, including preliminary Q1 GDP, inflation, and private-sector payrolls.

Luxury and premium consumer stocks weighed on the index, particularly LVMH (-0.8%), L'Oreal (-2.4%), Hermes (-1.4%) and Kering (-1.5%).

Pernod Ricard also fell 1.4% after ending merger talks with Brown-Forman.

In contrast, Airbus rose 2.4% despite a drop in Q1 profit, with deliveries at their lowest since 2009.



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French Stocks Hit 3-Week Low
The CAC 40 fell 0.3% to 8,088 on Wednesday, extending its losing streak to a fourth consecutive session and hitting a three-week low, as investors remained subdued ahead of a dense slate of central bank decisions, economic data, and corporate earnings. In Europe, attention is on the European Central Bank, which is widely expected to leave rates unchanged on Thursday, though rate hikes could return as early as June amid concerns that the initial energy-driven inflation shock may prove more persistent and seep into underlying price pressures. Domestically, investors also await key data releases due Thursday, including preliminary Q1 GDP, inflation, and private-sector payrolls. Luxury and premium consumer stocks weighed on the index, particularly LVMH (-0.8%), L'Oreal (-2.4%), Hermes (-1.4%) and Kering (-1.5%). Pernod Ricard also fell 1.4% after ending merger talks with Brown-Forman. In contrast, Airbus rose 2.4% despite a drop in Q1 profit, with deliveries at their lowest since 2009.
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