CAC 40 Falls Amid Fiscal Concerns and Mixed Earnings
The CAC 40 fell 1.4% to close at 7,811 on Thursday amid mixed corporate earnings, rising borrowing costs and political uncertainty. Hermès dropped 4.9% after reporting revenue below estimates. Kering lost 1.3% following a decline in sales. In contrast, L’Oréal gained 1.8% on stronger-than-expected sales growth. The 10