CAC 40 Edges Lower as Luxury Stocks Weigh

2026-10-13 16:15 By Isabela Couto 1 min. read

The CAC 40 edged down 0.1% to close at 7,828 on Tuesday as luxury stocks fell following a weaker-than-expected third-quarter performance from LVMH.

LVMH slipped 0.1% after reporting softer organic sales, weighed down by subdued demand in China.

Hermès dropped 1.9% after UBS cut its price target, while Kering shed 1.4% after TD Cowen lowered its target.

STMicroelectronics fell 3.8%, tracking weakness among US chipmakers as investors increasingly question the return-on-investment timelines for massive AI-related capital expenditures amid elevated borrowing costs.

Industrial stocks were mostly lower, with Safran down 1.8%, Airbus losing 0.9%, Vinci retreating 0.9% and Sanofi falling 1.2%.

Credit Agricole shed 2.5% amid reports that it plans to launch a digital retail bank in Germany and acquire IKB.

TotalEnergies rose 1.1% as oil prices remained elevated.

Other outperformers included L’Oréal, up 1.1%, and Publicis, which gained 2.2%.



News Stream
CAC 40 Edges Lower as Luxury Stocks Weigh
The CAC 40 edged down 0.1% to close at 7,828 on Tuesday as luxury stocks fell following a weaker-than-expected third-quarter performance from LVMH. LVMH slipped 0.1% after reporting softer organic sales, weighed down by subdued demand in China. Hermès dropped 1.9% after UBS cut its price target, while Kering shed 1.4% after TD Cowen lowered its target. STMicroelectronics fell 3.8%, tracking weakness among US chipmakers as investors increasingly question the return-on-investment timelines for massive AI-related capital expenditures amid elevated borrowing costs. Industrial stocks were mostly lower, with Safran down 1.8%, Airbus losing 0.9%, Vinci retreating 0.9% and Sanofi falling 1.2%. Credit Agricole shed 2.5% amid reports that it plans to launch a digital retail bank in Germany and acquire IKB. TotalEnergies rose 1.1% as oil prices remained elevated. Other outperformers included L’Oréal, up 1.1%, and Publicis, which gained 2.2%.
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