European stock markets are clearly in the red. The CAC 40 is down 1.17% to 8,131 points, while the Euro Stoxx 50 falls by 0.75% to 5,850 points. London and Frankfurt respectively dropped by 0.75% and 0.54%.
Geopolitically, a sense of deadlock prevails. Donald Trump, after extending the ceasefire between Washington and Tehran indefinitely, announced yesterday an additional three-week truce between Israel and Lebanon.
In late morning, the Brent barrel is up 1.07% to $107.09.
In this tense context, French household confidence 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 by 5 points in April to 84, after a first decline to 89 the previous month, moving further 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 also deteriorated more than expected in April, amid persistent tensions related to the conflict in Iran, according to the monthly survey by the Ifo institute published on Friday. The index stands at 84.4, down from 86.3 in March (revised from an initial estimate of 88.6), while economists were expecting an average of 86.6. This is its lowest level since May 2020, in the midst of the health crisis.
Market participants will monitor the University of Michigan’s consumer confidence index at 4:00 p.m.
Moving stocks The CAC 40 is led by Bureau Veritas (1.99%) and TotalEnergies (1.44%), while Renault (-3.24%) takes the penultimate position in the Paris market index. The automaker is heading towards 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.
Additionally, Spie (7.13%) shines at the top of the SBF 120 index, with the specialist in electrical and mechanical engineering reporting a less pronounced production decrease than anticipated over the period. Spie is followed by Seb (5.48%), which reported a 42% increase in operating income to 72 million euros. At the Stockholm Stock Exchange, Electrolux (-23%) is heavily penalized after a disappointing quarter.
In the currency market, the euro slightly advances by 0.02% against the dollar, at 1.1686 USD.
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