CAC 40 Falls Amid Middle East Tensions

2026-09-09 15:49 By Isabela Couto 1 min. read

The CAC 40 fell 1.9% to close at 8,162 on Wednesday, reversing the previous session’s gains and hitting its lowest level since July as Middle East tensions escalated.

Oil prices remained elevated after the US and Iran exchanged strikes near the Strait of Hormuz, heightening inflation concerns and reinforcing expectations that the ECB will raise interest rates by 25 basis points at Thursday’s policy meeting.

Domestically, industrial production fell 0.4% month-over-month in July, missing expectations for a 0.3% increase.

Losses were broad-based, with industrial and luxury stocks weighing heavily on the index.

Airbus fell 2.2% after cutting its long-term demand outlook for single-aisle aircraft in China.

Safran shed 3.2%, Thales retreated 3%, Legrand fell 3.8%, and Schneider Electric dropped 3.3%.

Luxury stocks also declined amid increased risk aversion, with LVMH falling 3% to its lowest level since November 2020, Hermès shedding 2.2%, and Kering tumbling 4.7%.



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