The CAC 40 Index Closes 0.47% Lower

The CAC 40 fell 0.3% to close at 8,480 on Monday, weighed down by losses in the luxury and pharmaceutical sectors. Luxury stocks underperformed, with LVMH down 0.9%, L'Oréal losing 1.2%, and Hermès retreating 0.9%. In healthcare, Sanofi fell 1.7%. Industrials traded mixed, with Schneider Electric down 0.6% and Air Liquide losing 1.5%, while Airbus rose 1.6%, Stellantis gained 2%, and Thales advanced 1.2% after agreeing to acquire a stake in Exail Technologies. Vinci fell 2.1% after France's construction PMI declined to 38.2 in June from 39.6 in May, remaining deep in contraction territory and signaling that the sector has now been shrinking for four consecutive years. Meanwhile, financial stocks outperformed as lower oil prices eased inflation concerns and reinforced expectations of a more dovish ECB, with BNP Paribas up 0.9% and AXA gaining 1%.

The CAC 40 Index dropped 40 points or 0.47 percent on Monday to close at 8468 points. Losses were led by ArcelorMittal (-2.80%), Pernod Ricard (-2.47%) and Edenred (-2.47%). Offsetting the fall, top gainers were Stellantis NV (2.00%), Airbus (1.58%) and Thales (1.34%).

The CAC 40 rose 0.5% to 8,553 on Monday, extending last week's gains and reaching a fresh four-month high, as investors shifted their attention to the upcoming earnings season. Investors also digested a fresh round of PMI releases across Europe for further clues about the strength of the economy. In France, the Construction PMI fell to 38.2 in June 2026 from 39.6 in May, remaining firmly in contraction territory and underscoring the prolonged weakness in the sector, which has been shrinking for four consecutive years. Luxury stocks led the advance, with LVMH rising 1.4%, Hermès gaining 1.4%, and Kering adding 1.9%. Elsewhere, Thales advanced 0.7% after agreeing to acquire a stake in Exail Technologies. On the downside, STMicroelectronics lost 1.8%, mirroring broader weakness in technology shares as investors grew more cautious about valuations amid concerns that substantial AI-related spending may take longer to generate meaningful returns.