The CAC 40 Index Opens 0.64% Lower

The CAC 40 fell 0.6% to 8,009 on Tuesday, marking its fourth consecutive session of losses as market sentiment remained subdued amid fading hopes for a diplomatic breakthrough in the US-Iran peace negotiations. President Donald Trump said a potential ceasefire with Iran was “on life support” following Tehran’s rejection of a US-backed proposal aimed at ending the conflict. The renewed geopolitical uncertainty pushed oil prices higher, reigniting concerns over inflation and economic growth. As a result, investors assessed the outlook for monetary policy in Europe. Traders are now fully pricing in two additional 25 bps rate hikes from the European Central Bank by September, with roughly a 75% probability of a third increase before year-end. The majority of stocks traded lower, with financial stocks among the biggest decliners. BNP Paribas fell 1.8%, while AXA lost 1.4%, Crédit Agricole declined 1.2%, and Société Générale dropped 2.9%.

The CAC 40 Index is losing 51 points. Losses were led by Societe Generale (-2.68%), Stellantis NV (-2.54%) and Capgemini (-2.39%). Offsetting the fall, top gainers were Thales (1.07%), TotalEnergies SE (0.85%) and Kering (0.59%).

The CAC 40 Index fell 60 points or 0.74 percent on Monday to close at 8053 points. Leading the losses are LVMH (-4.32%), AXA (-3.59%) and Veolia (-3.43%). Top gainers were TP (7.40%), STMicroelectronics (3.13%) and Orange (1.93%).