The CAC 40 fell 0.3% to close at 7,409 on Monday, extending losses from the previous session as rising bond yields, fueled by strong U.S. jobs data that reduced expectations for Federal Reserve rate cuts, have dampened investor sentiment. The surge in global bond yields, alongside ongoing concerns over Europe's sluggish economic outlook and the ongoing UK crisis, has further weighed on the markets. Additionally, geopolitical instability and persistent inflation fears, exacerbated by rising energy prices, are contributing to the negative mood. On the corporate front, Unibail Rodamco, STMicroelectronics, Publicis led the laggards, with shares plunging 3.3%, 2.6%, and 2.1%, respectively. Stellantis NV also came under pressure, shedding 1.9% after the company reduced its excess vehicle inventory in the U.S. by over 100,000 units in late 2024. In contrast, TotalEnergies gained 1.2%, supported by rising oil prices following new U.S. sanctions on Russia.
You are viewing a single comment's thread from: