The CAC 40 Index Opens 0.71% Lower

The CAC 40 slipped 0.7% to 8,162 on Monday, reversing gains from the previous session as renewed geopolitical tensions in the Middle East dampened risk sentiment. Israel carried out strikes on military targets in Iran following attacks from Tehran, even as the US and Iran continued negotiations aimed at ending their conflict. Israel has maintained that any agreement should not address its separate conflict with Hezbollah. Most sectors traded lower, led by losses in heavyweight luxury stocks. LVMH fell 1.4%, Hermès declined 1.6%, and Kering dropped 2.1%. Defense and industrial names also came under pressure, with Airbus down 2.4%, Safran losing 2.8%, and Air Liquide sliding 8.5%. Meanwhile, energy stocks outperformed as surging oil prices boosted the sector, with TotalEnergies gaining 1.4%.

The CAC 40 Index is dropping 58 points. Leading the losses are Saint-Gobain (-4.87%), Safran (-3.12%) and Hermes International (-2.38%). Top gainers were TotalEnergies SE (1.72%) and Pernod Ricard (0.61%).

The CAC 40 Index fell 26 points or 0.32 percent on Friday to close at 8218 points. Leading the losses are STMicroelectronics (-4.79%), ArcelorMittal (-4.70%) and Schneider Electric (-4.36%). Top gainers were Sanofi (2.34%), Carrefour (2.00%) and Pernod Ricard (1.96%).