CAC 40 Slips on Soaring Yields

2026-09-23 16:05 By Isabela Couto 1 min. read

The CAC 40 fell 0.4% to close at 8,123 on Wednesday as higher oil prices stoked concerns about inflationary pressures, driving yields higher.

Eurozone sovereign yields, including French yields, soared to multi-decade highs as strong economic growth and higher energy prices reinforced expectations that the ECB will continue raising interest rates this year.

The Eurozone’s PMI was stronger than expected for both services and manufacturing, while the survey confirmed that soaring energy prices were passed through to output charges.

Domestically, flash data showed France’s Composite PMI jumping to 51.2 in September from 48.5 in August, marking its strongest reading since August 2024.

Financials closed lower, with BNP Paribas down 1.1% and AXA losing 1.6%.

Luxury stocks also weighed, with L’Oreal down 2.3% and LVMH shedding 2.3%.

Industrials closed mixed.

TotalEnergies rose 1.9% on the oil rebound.



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