The CAC 40 exhibited minimal fluctuations, hovering around 8,342 on Monday, as the week commenced with a degree of caution among investors. This sentiment was influenced by the renewed upward pressure on oil prices, coinciding with escalating tensions in the Middle East.
The conflict escalated following the United States’ ninth consecutive day of military strikes against Iran, prompting Tehran to retaliate with attacks on various targets throughout the region. The recent developments highlighted the tenuous nature of the ceasefire established last month, prompting worries that an extended conflict may hinder energy supplies, exacerbate inflationary pressures, and complicate the forecast for interest rates.
Among individual stocks, LVMH experienced a decrease of 0.6%, Airbus saw a decline of 1.5%, Safran fell by 1.4%, and AXA dropped by 0.5%. In contrast, energy giant TotalEnergies advanced 1.7%, benefiting from the sharp rise in crude oil prices.