CAC 40 Slips as US-Iran Truce Remains Fragile

2026-06-29 15:57 By Isabela Couto 1 min. read

The CAC 40 fell 0.2% to close at 8,367 on Monday as lingering uncertainty over the fragile ceasefire between the US and Iran weighed on sentiment.

Both countries agreed to halt recent hostilities in the Gulf and resume talks over their dispute involving the Strait of Hormuz, following several days of strikes and counterstrikes after an Iranian projectile hit a cargo vessel in the waterway.

Both sides have since accused each other of breaching the interim ceasefire agreed on June 17.

Luxury stocks led losses amid renewed risk aversion, with LVMH down 0.7% and Hermès falling 0.6%.

Investors also turned their attention to the upcoming ECB Forum on Central Banking, where key policymakers including Kevin Warsh and Christine Lagarde are expected to provide signals on the global economic outlook and the path of monetary policy.

Financial stocks traded lower, with BNP Paribas down 0.7%.

In contrast, industrial shares advanced, with Safran gaining 1.1% and Schneider Electric rising 0.7%.



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CAC 40 Slips as US-Iran Truce Remains Fragile
The CAC 40 fell 0.2% to close at 8,367 on Monday as lingering uncertainty over the fragile ceasefire between the US and Iran weighed on sentiment. Both countries agreed to halt recent hostilities in the Gulf and resume talks over their dispute involving the Strait of Hormuz, following several days of strikes and counterstrikes after an Iranian projectile hit a cargo vessel in the waterway. Both sides have since accused each other of breaching the interim ceasefire agreed on June 17. Luxury stocks led losses amid renewed risk aversion, with LVMH down 0.7% and Hermès falling 0.6%. Investors also turned their attention to the upcoming ECB Forum on Central Banking, where key policymakers including Kevin Warsh and Christine Lagarde are expected to provide signals on the global economic outlook and the path of monetary policy. Financial stocks traded lower, with BNP Paribas down 0.7%. In contrast, industrial shares advanced, with Safran gaining 1.1% and Schneider Electric rising 0.7%.
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