The CAC 40 Index Opens 0.20% Lower

The CAC 40 fell 0.3% to 8,692.7 on Wednesday, extending losses from the previous session as investors remained cautious amid mounting uncertainty over the swift reopening of the Strait of Hormuz. Concerns about supply disruptions lingered despite comments from Pakistan’s defense minister that the US and Iran were “close to some sort of arrangement” regarding the strategic waterway, while reports also pointed to meaningful progress in talks between Tehran and Oman. Luxury stocks weighed heavily on the index, with LVMH falling 1.8%, Hermès losing 1.6%, and Kering dropping 2.4%. The sector remained under pressure as a prolonged slowdown in global luxury demand complicated succession planning at Armani Group, where the proposed sale of an initial 15% stake could reportedly be pushed back beyond March 2027. In contrast, STMicroelectronics added 0.6%, benefiting from strength across global tech markets.

The CAC 40 Index is losing 17 points. Losses were led by Kering (-2.93%), Essilor (-2.53%) and Capgemini (-2.47%). Offsetting the fall, top gainers were Legrand (1.21%), Thales (0.75%) and Safran (0.66%).

The CAC 40 Index fell 11 points or 0.13 percent on Tuesday to close at 8715 points. Leading the losses are STMicroelectronics (-3.21%), Stellantis NV (-2.25%) and Bouygues (-1.72%). Top gainers were TP (2.95%), TotalEnergies SE (1.41%) and Capgemini (1.39%).