CAC 40 drops to lowest since July amid oil, inflation jitters
The CAC 40 fell 0.4% to 8,270 on Tuesday, reversing prior gains and hitting its lowest level since July. Investors weighed rising oil prices and inflation pressures as Middle East tensions escalated.
4% to 8,270 on Tuesday, reversing the previous session's gains and hitting its lowest level since July as investors weighed rising oil prices and inflation pressures amid escalating Middle East tensions. Iranian Foreign Ministry spokesman Esmaeil Baghaei said Iran and Oman were in the final stages of an agreement to establish a safe maritime route through the Strait of Hormuz, although disruptions to oil shipments continued to fuel supply concerns. 3% in August, its highest level in nearly three years and well above the ECB's 2% target. 4%.
9%.