CAC 40 slides 0.6% as losing streak reaches eight sessions
France’s CAC 40 falls 0.6% to 8,453, extending an eight-session losing streak and hitting a three-week low, while elevated oil and geopolitical risk weigh on luxury and financials.
6% to close at 8,453 on Thursday, extending its losing streak to an eighth consecutive session and hitting its lowest level in three weeks. Oil prices remained elevated after US President Donald Trump unveiled what he described as a “crushing economic operation” against Iran following the collapse of negotiations between the two countries. Geopolitical risks raised risk aversion, weighing on luxury stocks, while inflation concerns pressured financials. 5% as concerns mounted over weakening demand in China, where increased scrutiny of offshore wealth and tax avoidance has curbed spending among high-net-worth consumers.
6%. 3%. In contrast, TotalEnergies added 1% on higher oil prices.