CAC 40 Falls as Geopolitical Uncertainty Weighs

2026-08-13 15:51 By Isabela Couto 1 min. read

The CAC 40 shed 0.3% to close at 8,651 on Thursday amid conflicting signals over efforts to secure a lasting ceasefire between the US and Iran.

Washington and Tehran exchanged accusations over a deal to reopen the strategically vital Strait of Hormuz, with the US saying Iran had failed to meet its obligations, while Iran countered that Washington had not delivered on ending a blockade of Iranian ports.

High energy prices are expected to weigh more heavily on eurozone economies as large energy importers.

The ECB is set to raise interest rates once more next month, as higher energy prices push inflation further from the bank’s 2% target, reaching 2.9% last month.

Luxury stocks were mostly lower amid elevated risk aversion, with LVMH down 0.7% and Hermès losing 1.2%.

Industrials also fell, with Safran down 1.9%, Vinci losing 1.2% and Thales shedding 1.1%.

In contrast, Sanofi (+1.2%) and Michelin (+0.7%) gained as euro area industrial production came in slightly above forecasts.



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