CAC 40 sinks 0.4% for sixth straight session near 3-week low
The CAC 40 falls 0.4% to 8,544 on Tuesday, extending its six-session losing streak and nearing a three-week low as Middle East peace optimism wanes and the US–Iran ceasefire expires.
The CAC 40 fell 0.4% to 8,544 on Tuesday, extending its losing streak to a sixth straight session and hitting a near three-week low as optimism over a Middle East peace deal and the reopening of the Strait of Hormuz continued to wane.
With the temporary US-Iran ceasefire now expired, Tehran announced it would adopt a "fully offensive" military posture following Washington's decision not to extend the truce.
Domestically, Prime Minister Sébastien Lecornu is set to unveil a 2027 budget aimed at reducing the deficit below 5%, warning that failure to secure an agreement could delay the fiscal plan until next year and push the deficit as high as 6.5%.
Among individual stocks, Schneider Electric (-1.2%), Safran (-1.1%), and STMicroelectronics (-3.3%) led the declines.
In contrast, TotalEnergies climbed 1.3% to its highest level in more than two months, supported by higher oil prices amid fading hopes for a Middle East peace deal and the reopening of the Strait of Hormuz.