CAC 40 Retreats on Tech Weakness and Geopolitical Risks

2026-06-05 16:02 By Isabela Couto 1 min. read

The CAC 40 fell 0.3% to close at 8,218 on Friday, pressured by a global technology selloff after Broadcom issued weaker-than-expected guidance, weighing on AI-related stocks.

Schneider Electric, which recently announced plans to raise €800 million through a convertible bond offering following strong share-price gains driven by its data-center business, dropped 4.5%.

Semiconductor maker STMicroelectronics shed 5.8%.

Elsewhere, Stellantis extended losses by 3% after announcing earlier this week more than €1 billion of investments in electric and hybrid vehicle production in France.

Meanwhile, Iran-backed Hezbollah rejected a new Lebanon ceasefire proposal, while Israel said it would not withdraw its troops, undermining US diplomatic efforts to halt the conflict and advance negotiations with Iran.

Oil prices remained above $90 per barrel, while stronger-than-expected US payrolls data pushed bond yields higher, fueling concerns about inflation and borrowing costs.



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