CAC 40 drops 0.6% to lowest since July on Middle East tensions
France’s CAC 40 fell 0.6% to 8,269 on Wednesday, reversing prior gains and hitting its lowest level since July as Middle East tensions weighed on risk appetite.
6% to 8,269 on Wednesday, reversing the previous session’s gains and touching its lowest level since July as escalating Middle East tensions kept risk appetite in check. Oil prices stayed elevated after Iran said it had struck two US vessels and eight oil tankers in the Gulf in retaliation for American attacks on five Iranian tankers near Kharg Island. The latest developments added to inflation concerns and reinforced expectations that the European Central Bank will raise interest rates by 25 basis points at Thursday’s policy meeting. 1% decline.
3%. 6% after cutting its long-term demand outlook for single-aisle aircraft in China.