CAC 40 Edges Higher on Lower Oil Prices

2026-09-22 16:08 By Isabela Couto 1 min. read

The CAC 40 gained 0.2% to close at 8,155 on Tuesday, buoyed by a pullback in energy costs that eased concerns over inflationary pressures.

Oil prices extended their losses ahead of potential US-Iran talks at this week’s UN meeting.

Iran reportedly offered to reopen the Strait of Hormuz within seven days if the US takes initial steps to ease military pressure.

The pullback in the oil rally, which has fueled inflationary pressures and prompted major central banks to raise interest rates, lent support to equities.

Luxury shares closed mostly higher amid lower risk aversion, with L’Oreal up 1.5%, Hermes rising 0.8%, and Kering adding 1.5%.

Industrial stocks were mostly above the flatline, with STMicroelectronics jumping 4.4%, Air Liquide gaining 1.3%, and EssilorLuxottica rising 2.3%.

Meanwhile, Orange tumbled 4.1% amid news of a stake acquisition in Biolevate.

TotalEnergies lost 0.5% on lower oil prices.

Financials also closed mostly lower.



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