French Stocks Fall Over 1%
2026-07-23 07:50
By
Czyrill Jean Coloma
1 min. read
The CAC 40 fell more than 1% to around 8,345 on Thursday, reversing the previous session’s gains as escalating geopolitical tensions dampened risk appetite amid a busy slate of corporate earnings and updates.
President Trump warned that the US would strike Iranian infrastructure in response to attacks on vessels transiting the Strait of Hormuz, while Tehran threatened retaliation against regional energy assets.
Adding to concerns, Yemen’s Houthi rebels claimed responsibility for attacks on two Saudi tankers.
Among corporate movers, STMicroelectronics plunged 14.3% after issuing a Q3 sales forecast below market expectations, while BNP Paribas slipped 1.1% despite reporting upbeat Q2 results.
In contrast, Thales added 1.8% after reporting a surge in first-half orders, and Dassault Aviation surged 7.5% after posting strong first-half earnings and reaffirming its 2026 sales outlook.
Moreover, TotalEnergies climbed 2% after reporting a 68% jump in adjusted net income to $6.03 billion.