CAC 40 slips 1-month low after 0.3% drop
France’s CAC 40 fell 0.3% to 8,434, reversing prior-session gains to its lowest level in a month. Investors turned cautious ahead of Fitch’s France credit-rating review and budget talks amid political uncertainty.
The CAC 40 fell 0.3% to 8,434 on Thursday, reversing gains from the the previous session and slipping to its lowest level in a month as investors turned cautious ahead of Fitch’s review of France’s sovereign credit rating and closely monitored budget negotiations and the country’s evolving political landscape.
Attention is focused on Fitch’s assessment due Friday, after the agency downgraded France to A+ last year.
Political uncertainty added to the pressure, with far-right leader Marine Le Pen and far-left figure Jean-Luc Mélenchon set to present their economic agendas to business leaders later today in the first major face-to-face confrontation of the 2027 presidential campaign.
Heavyweight stocks led the decline, with LVMH, L’Oréal, and TotalEnergies each losing around 1%.
In contrast, STMicroelectronics surged 3.6%, tracking a broader strength in technology sector after NVIDIA delivered strong Q2 results and upbeat revenue guidance.