CAC 40 Falls as Oil Rally Resumes
2026-09-14 15:56
By
Isabela Couto
1 min. read
The CAC 40 fell 0.8% to close at 8,118 on Monday, extending losses from the previous week as oil prices surged.
The crude rally resumed after Saudi Arabia suspended operations on the East-West crude pipeline following drone attacks.
Talks between Iran and several Gulf nations on establishing a temporary shipping corridor through the Strait of Hormuz were postponed.
Global yields were mostly higher ahead of the US Fed’s monetary policy decision on Wednesday, with markets expecting a rate hike.
Industrials and financials were mostly lower, with Safran falling 2.6%, Airbus losing 2.2%, and Legrand tumbling 6.7%, while BNP Paribas shed 0.9% and Société Générale declined 1.7%.
Schneider Electric (-6.5%) and STMicroelectronics (-6.6%) sank after major AI companies called for a slower pace of development amid growing concerns over safety risks.
In contrast, luxury stocks gained, with L’Oréal rising 1.1% and Hermès up 1%.
TotalEnergies gained 1% on higher oil prices.