French Stocks Hit 2-Month Low

2026-09-09 07:48 By Czyrill Jean Coloma 1 min. read

The CAC 40 fell 0.6% to 8,269 on Wednesday, reversing the previous session’s gains and hitting its lowest level since July, as escalating Middle East tensions kept risk appetite in check.

Oil prices remained elevated after Iran said it had struck two US vessels and eight oil tankers in the Gulf in retaliation for American attacks on five Iranian tankers near Kharg Island.

The latest developments heightened inflation concerns and reinforced expectations that the European Central Bank will raise interest rates by 25 basis points at Thursday’s policy meeting.

Domestically, industrial production slipped 0.4% month-on-month in July, defying market expectations for a 0.3% rise and extending June’s revised 0.1% decline.

Luxury stocks led the retreat, with LVMH sliding 1.4% to its lowest level since November 2020 and Kering losing 2.3%.

Elsewhere, Airbus fell 1.6% after cutting its long-term demand outlook for single-aisle aircraft in China.



News Stream
French Stocks Hit 2-Month Low
The CAC 40 fell 0.6% to 8,269 on Wednesday, reversing the previous session’s gains and hitting its lowest level since July, as escalating Middle East tensions kept risk appetite in check. Oil prices remained elevated after Iran said it had struck two US vessels and eight oil tankers in the Gulf in retaliation for American attacks on five Iranian tankers near Kharg Island. The latest developments heightened inflation concerns and reinforced expectations that the European Central Bank will raise interest rates by 25 basis points at Thursday’s policy meeting. Domestically, industrial production slipped 0.4% month-on-month in July, defying market expectations for a 0.3% rise and extending June’s revised 0.1% decline. Luxury stocks led the retreat, with LVMH sliding 1.4% to its lowest level since November 2020 and Kering losing 2.3%. Elsewhere, Airbus fell 1.6% after cutting its long-term demand outlook for single-aisle aircraft in China.
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