CAC 40 falls sharply as oil surges and growth worries mount
French stocks tumbled as oil prices rose amid Middle East tensions after U.S. forces destroyed five Iranian tankers and Tehran launched missile strikes in Jordan, while industrial production data remained weak.
French stocks fell sharply on Wednesday as investors weighed rising inflation risks and weaker growth prospects, with oil prices continuing to climb amid escalating tensions in the Middle East. S. forces destroyed five Iranian tankers, after which Tehran responded with missile strikes in Jordan.