CAC 40 drops 1.9% to 8,162 on Middle East tensions
CAC 40 fell 1.9% to close at 8,162, its lowest since July, reversing the prior session’s gains. Oil stayed elevated after US-Iran strikes near the Strait of Hormuz, while industrial production fell 0.4% m/m in July.
9% to close at 8,162 on Wednesday, reversing the previous session’s gains and hitting its lowest level since July as Middle East tensions escalated. Oil prices stayed elevated after the US and Iran exchanged strikes near the Strait of Hormuz, stoking inflation concerns and reinforcing expectations that the ECB will raise interest rates by 25 basis points at Thursday’s policy meeting. 3% increase. Losses were broad-based, with industrial and luxury shares weighing on the index.
2% after it cut its long-term demand outlook for single-aisle aircraft in China. 3%. 7%.