The CAC 40 Index Closes 0.19% Lower

The CAC 40 Index dropped 16 points or 0.19 percent on Monday to close at 8405 points. Losses were led by Edenred (-5.52%), Hermes International (-5.42%) and TP (-3.12%). Offsetting the fall, top gainers were Carrefour (3.54%), Danone (2.43%) and STMicroelectronics (2.30%).

The CAC 40 edged down 0.2% to close at 8,400 on Monday, weighed by losses in the luxury sector. Luxury stocks came under pressure after Jefferies cut its price target for Hermès to €2,000 from €2,400, citing persistent mixed trends in China and a weaker-than-expected first quarter that undermined confidence in the group’s ability to sustain its industry-leading growth and profitability. Hermès fell 5.9%, while peers LVMH dropped 3.6%, L'Oréal lost 0.5%, and Kering declined 2.1%. On the geopolitical front, oil prices fell after US and Iranian officials concluded their first round of talks in Switzerland, easing concerns over energy-driven inflation pressures. Industrial stocks posted gains, with Safran up 0.5% and Schneider Electric adding 1.2%. STMicroelectronics advanced 2.2% after launching the VL53L9, a compact direct Time-of-Flight 3D LiDAR module designed for high-resolution sensing.

The CAC 40 fell 0.3% to 8,400 on Monday, trimming gains from the previous week as investors weighed mixed developments surrounding US-Iran diplomatic efforts. While US President Donald Trump renewed threats of military action if Hezbollah continues its attacks on Israel, the US and Iran reportedly made encouraging progress in negotiations, with both sides agreeing on a roadmap aimed at reaching a final agreement within 60 days. Luxury stocks led the declines, with LVMH falling 0.6% and Hermès losing 0.5%. On the upside, STMicroelectronics advanced 2.2% after announcing the launch of the VL53L9, a compact direct Time-of-Flight (dToF) 3D LiDAR all-in-one module designed to deliver high-resolution sensing performance and reinforcing the company's position in advanced sensor technologies.