French Stocks Fall for 3rd Session

2026-06-23 07:49 By Czyrill Jean Coloma 1 min. read

The CAC 40 fell 0.8% to 8,329 on Tuesday, extending losses for a third consecutive session as investors reassessed the outlook for global monetary policy.

Markets increasingly expect the Federal Reserve to deliver a total of 50 bps of rate hikes by year-end to counter inflationary pressures fueled by rising energy prices amid persistent Middle East tensions.

In Europe, traders also continued to price in an additional 25 bps rate increase from the ECB later this year, despite ECB President Christine Lagarde recently dismissing concerns over second-round inflation effects.

Domestically, flash Composite PMI rose to 47.6 in June from 44.9 in May, surpassing market expectations of 46.0, driven by a return to growth in manufacturing activity (50.7 vs 49.7 in May) and a softer contraction in the services sector (47.4 vs 44.3).

On the corporate front, STMicroelectronics plunged 5.3% as technology stocks came under pressure amid concerns that AI-driven valuations have become overstretched.



News Stream
French Stocks Fall for 3rd Session
The CAC 40 fell 0.8% to 8,329 on Tuesday, extending losses for a third consecutive session as investors reassessed the outlook for global monetary policy. Markets increasingly expect the Federal Reserve to deliver a total of 50 bps of rate hikes by year-end to counter inflationary pressures fueled by rising energy prices amid persistent Middle East tensions. In Europe, traders also continued to price in an additional 25 bps rate increase from the ECB later this year, despite ECB President Christine Lagarde recently dismissing concerns over second-round inflation effects. Domestically, flash Composite PMI rose to 47.6 in June from 44.9 in May, surpassing market expectations of 46.0, driven by a return to growth in manufacturing activity (50.7 vs 49.7 in May) and a softer contraction in the services sector (47.4 vs 44.3). On the corporate front, STMicroelectronics plunged 5.3% as technology stocks came under pressure amid concerns that AI-driven valuations have become overstretched.
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