French stocks exhibited a varied performance in subdued trading on Monday, reflecting the prevailing uncertainty surrounding the reopening of the Strait of Hormuz. Investors are anticipating U.S. inflation data set to be released later this week, seeking insights into the Federal Reserve’s potential interest rate adjustments. Oil prices experienced an upward movement. Brent crude futures experienced an increase, reaching $84.97 a barrel, before subsequently declining to approximately $87.45. This movement reflects an uptick of nearly 1.3% from the prior close.
Iran has issued a warning regarding the reopening of the Strait of Hormuz, stipulating that this will only occur if the United States fulfils a set of conditions. This development has heightened concerns that U.S. President Donald Trump might reconsider the military option he had recently put on hold. In a recent interview on Sunday, Trump indicated a willingness to exercise patience, suggesting that he is ready to permit economic pressure on Iran to intensify rather than resort to military escalation. The benchmark CAC 40, exhibiting minimal volatility, was
- EssilorLuxottica experienced a decline of approximately 2.5%.
- Publicis Groupe, Orange, Kering, and Capgemini experienced declines ranging from 1% to 1.4%.
- Veolia Environment, AXA, Engie, Bouygues, Unibail Rodamco, Danone, Stellantis, Vinci, Air Liquide, and Carrefour experienced declines ranging from 0.3% to 0.7%.
- STMicroelectronics experienced an increase of 2.2%.
- Hermes International experienced a 1% increase, while LVMH saw a rise of 0.8%.
- Additionally, Accor, Credit Agricole, Renault, and Euronext recorded gains ranging from 0.4% to 0.7%.