French stocks experienced a decline on Monday, influenced by escalating tensions in the Middle East, increasing oil prices, and concerns regarding potential monetary tightening by the Federal Reserve, which contributed to a bearish sentiment in the market. Recent data indicating stronger-than-anticipated non-farm payroll growth in the U.S. has heightened concerns regarding a potential interest rate hike by the Federal Reserve this year. In light of recent airstrikes by Israel targeting Iranian military installations, there has been a notable increase in oil prices today. Brent crude futures rose to exceed $98 a barrel, subsequently settling at $97.19, reflecting an increase of up to 4.4% compared to the previous close.
The benchmark CAC 40 declined by 38.17 points, reflecting a decrease of 0.47%, settling at 8,180.05 at noon.
- Air Liquide experienced a decline of 9.5%. Safran experienced a decline of approximately 2%.
- Stellantis, Legrand, Saint-Gobain, Carrefour, Eiffage, Kering, Bureau Veritas, Schneider Electric, Vinci, Michelin, Societe Generale, EssilorLuxottica, and Hermes International experienced declines ranging from 0.8% to 1.6%.
- Airbus experienced a decline of 2.1%. The aerospace and defence major has been notifying certain customers about delays concerning the A320neo series jets, scheduled for delivery in 2027 and 2028, as reported on Sunday, referencing sources familiar with the situation.
- Bouygues experienced a decline of 1.7%, while Orange saw an increase of approximately 1% following the announcement of a pact with Altice France regarding the acquisition of SFR1.
- Pernod Ricard, TotalEnergies, Capgemini, STMicroelectronics, and Dassault Systemes experienced an increase of 0.7% to 1%. Publicis Groupe and Danone recorded slight increases.
In economic news, the Sentix investor confidence in the Eurozone has shown improvement, rising to -13.4 in June from -16.4 in May, according to data released by the behavioural research institute Sentix.