War Clouds Weigh on CAC 40

Cac Futures Updates

The persistent geopolitical concerns linked to U.S.-Iran tensions and the Ukraine-Russia conflict have negatively impacted sentiment surrounding the CAC 40 benchmark. The recent FOMC minutes released on Wednesday provided hawkish indications that have further complicated the monetary policy landscape. The index monitoring the 40 largest French stocks listed on Euronext Paris experienced a decline exceeding half a percent on Thursday.

The CAC 40 is presently at 8,364.05, reflecting a decline of 0.77 percent from the prior close of 8,429.03. The day’s trading range has fluctuated between 8,350.36 and 8,415.88. The index reached an unprecedented peak of 8,438.52 on Wednesday. In the context of prevailing weak sentiment, merely 16 securities within the 40-stock index are currently trading above the flatline.

  • Orange led the gains, registering an increase of 5.75 percent.
  • Pernod Ricard experienced an increase of 3.5 percent.
  • Carrefour, Dassault Systemes, and Sanofi experienced increases exceeding 1.5 percent.
  • Airbus experienced a decline of nearly 6 percent as market participants responded to a revision in production guidance.
  • Renault reported a decline of 4.7 percent in its financial performance.
  • Stellantis and EuroNext both experienced declines exceeding 3 percent.

In conjunction with the global rise in bond yields, France has also experienced an uptick in its bond yields. Yields on France’s 10-year bonds increased by 0.60 percent, reaching 3.333 percent, compared to the prior closing level of 3.313 percent. Yields fluctuated within the range of 3.335 percent to 3.315 percent.

With the U.S. Dollar strengthening, the 6-currency Dollar Index stands at 97.74, reflecting a 0.04 percent increase from the prior close of 97.70. The EUR/USD pair has experienced a decline of 0.03 percent, now standing at 1.1781. The pair fluctuated within the bounds of 1.1808 and 1.1780. The EUR/GBP pair is currently at 0.8746, reflecting a gain of 0.16 percent from the previous level. The EUR/JPY pair has experienced a decline of 0.18 percent, currently trading at 182.22.