Increasing civil unrest in France and rising tensions across Europe, coupled with concerns regarding instability in the Middle East, negatively impacted French stocks on Monday. The benchmark CAC 40 experienced a decline of nearly 1.5%, as equities from various sectors faced significant selling pressure. “Nothing justifies it, nothing explains it, nothing excuses it. Tonight, we all fell anger and shame,” French President Emmanuel Macron said on Sunday, a day after France suffered one of its worst days of unrest in years.
Meanwhile, Ukrainian attacks ignited an oil export terminal in St Petersburg on Sunday, as Kyiv deployed over 1,000 drones against Russia in one of the conflict’s most significant aerial offensives. The CAC 40 experienced a decline of 117.97 points, reflecting a decrease of 1.49%, settling at 7838.73 approximately one hour after noon.
- Stellantis experienced a decline of approximately 4.3%.
- Accor experienced a decline of 3.4%, whereas Airbus, Societe Generale, Legrand, Michelin, BNP Paribas, and Credit Agricole saw decreases ranging from 2.5% to 3%.
- Eiffage, Thales, LVMH, Vinci, Carrefour, EssilorLuxottica, Safran, and Unibail Rodamco experienced a decline ranging from 2% to 2.2%.
- Bouygues, Orange, L’Oreal, AXA, Engie, Kering, Schneider Electric, Veolia Environment, Saint-Gobain, Renault, Danone, and Pernod Ricard experienced declines ranging from 1% to 1.7%.
- Euronext experienced an increase of nearly 2%.
- Capgemini and STMicroElectronics experienced increases of 1% and 0.9%, respectively.
- Eurofins Scientific and TotalEnergies recorded slight declines.
