The CAC 40 Index Closes 0.18% Lower

The CAC 40 Index dropped 15 points or 0.18 percent on Monday to close at 8370 points. Losses were led by Saint-Gobain (-3.57%), Stellantis NV (-2.70%) and Vinci (-2.50%). Offsetting the fall, top gainers were Publicis (1.94%), Thales (1.85%) and STMicroelectronics (1.33%).

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%.

The CAC 40 edged 0.2% lower to 8,372 on Monday, extending losses from the previous week as investors remained cautious amid lingering uncertainty surrounding the fragile ceasefire between the US and Iran. Over the weekend, Iran launched drone and missile strikes on Bahrain and Kuwait in response to fresh US attacks on targets in southern Iran, highlighting persistent regional tensions despite an agreement to resume security talks on the Strait of Hormuz. Meanwhile, the spotlight is on the ECB's Sintra Forum this week, where leading central bankers, including Federal Reserve Chair Kevin Warsh and ECB President Christine Lagarde, are expected to provide fresh insights into the global economic outlook and the trajectory of monetary policy. Among individual stocks, losses were recorded in BNP Paribas (-0.8%), Air Liquide (-0.9%), EssilorLuxottica (-1.1%), and Vinci (-1.5%).