European stock markets are significantly in the red. The CAC 40 drops 1.17% to 8,131 points, while the Euro Stoxx 50 falls 0.75% to 5,850 points. London and Frankfurt respectively decline by 0.75% and 0.54%.
Geopolitically, a sense of deadlock prevails. Donald Trump, after extending indefinitely the ceasefire between Washington and Tehran, yesterday announced an additional three-week truce between Israel and Lebanon.
At the end of the morning, the Brent barrel is up 1.07% at $107.09.
In this tense context, the confidence of French households continues to deteriorate. Weakened by the war in the Middle East, it has reached its lowest level since the beginning of the conflict in Ukraine, according to INSEE. The indicator dropped 5 points in April to 84, after an initial decline to 89 the previous month, further moving away from its long-term average (100 between January 1987 and December 2025). This is its lowest level since May 2023.
In Germany, business sentiment has also deteriorated more than expected in April, against the backdrop of persistent tensions related to the conflict in Iran, according to the monthly survey by the Ifo Institute published on Friday. The index is at 84.4, down from 86.3 in March (revised after an initial estimate of 88.6), while economists on average anticipated 86.6. This is its lowest level since May 2020, in the midst of the health crisis.
Participants will monitor the University of Michigan consumer confidence index at 4:00 PM.
Moving values: The CAC 40 is led by Bureau Veritas (1.99%) and TotalEnergies (1.44%), while Renault (-3.24%) takes the penultimate spot in the Parisian flagship index. The car manufacturer is heading straight for a fifth consecutive session of decline. Forvia (-4.78%) and Valeo (-4.60%) are also under pressure after a decline in their activity in the first quarter.
In addition, Spie (7.13%) shines at the top of the SBF 120 index, the specialist in electrical and mechanical engineering having reported a less pronounced decline in production than expected for the period. Spie is followed by Seb (5.48%), which reported a 42% increase in operating profit to €72 million. In the Stockholm Stock Exchange, Electrolux (-23%) is heavily penalized after a disappointing quarter.
In the foreign exchange market, the euro slightly advances 0.02% against the dollar to 1.1686 USD.
