CAC 40 Falls on Inflationary Pressures

2026-09-01 16:15 By Isabela Couto 1 min. read

The CAC 40 fell 0.4% to close at 8,302 on Thursday, reversing early gains and tracking broader weakness in global equities.

Rising oil prices amid escalating Middle East tensions added to inflationary pressures, while investors increased bets on further ECB tightening.

Higher energy costs and expectations of a Fed hike also pushed global bond yields higher.

Eurozone inflation accelerated for a second consecutive month to 3.3% in August, in line with forecasts and the highest since September 2023.

Luxury stocks fell, with LVMH down 1.8%, L’Oreal losing 1.4%, Hermes shedding 2.4% and Kering tumbling 2.7%.

Industrials also declined, led by Safran (-2.6%) and Thales (-2.1%).

Tech stocks tracked losses in Wall Street chipmakers.

In contrast, TotalEnergies gained 2.7% on higher oil prices, while Air Liquide rose 2.1% after reports that Elliott Investment Management had built a stake.



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CAC 40 Falls on Inflationary Pressures
The CAC 40 fell 0.4% to close at 8,302 on Thursday, reversing early gains and tracking broader weakness in global equities. Rising oil prices amid escalating Middle East tensions added to inflationary pressures, while investors increased bets on further ECB tightening. Higher energy costs and expectations of a Fed hike also pushed global bond yields higher. Eurozone inflation accelerated for a second consecutive month to 3.3% in August, in line with forecasts and the highest since September 2023. Luxury stocks fell, with LVMH down 1.8%, L’Oreal losing 1.4%, Hermes shedding 2.4% and Kering tumbling 2.7%. Industrials also declined, led by Safran (-2.6%) and Thales (-2.1%). Tech stocks tracked losses in Wall Street chipmakers. In contrast, TotalEnergies gained 2.7% on higher oil prices, while Air Liquide rose 2.1% after reports that Elliott Investment Management had built a stake.
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The CAC 40 Index fell 33 points or 0.39 percent on Tuesday to close at 8302 points. Leading the losses are Stellantis NV (-3.13%), STMicroelectronics (-2.82%) and Pernod Ricard (-2.71%). Top gainers were TotalEnergies SE (2.81%), Air Liquide (2.15%) and Carrefour (2.07%).
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The CAC 40 rose 0.4% to around 8,367 on the first trading day of September as investors largely shrugged off escalating Middle East tensions. US forces targeted an island in the Strait of Hormuz, while Iran retaliated with attacks on the UAE and Jordan, driving energy prices higher and reinforcing expectations that the European Central Bank may keep interest rates elevated for longer. Domestically, markets are closely watching how President Macron's successor will tackle key challenges, despite the 2027 presidential election still being months away, including a budget deficit above 5% of GDP, rising debt-servicing costs, and an economy hovering near recession. On the corporate front, Air Liquide jumped 3.6% after reports that activist investor Elliott Investment Management had built a stake in the company. Other notable gainers included TotalEnergies (1.9%), STMicroelectronics (2.0%), and BNP Paribas (0.6%).
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