The early rise was short-lived. The CAC 40 quickly turns negative (-0.30% around 8,090 points), in a context marked by the return of geopolitical uncertainties.
The Middle East remains the main catalyst
Investors remain focused on the situation around the Strait of Hormuz. Donald Trump indicated that the United States would seek to restore maritime traffic, while leaving open the possibility of new strikes against Iran.
The absence of diplomatic progress maintains a high level of risk, weighing on risky assets and limiting buying initiatives at the beginning of the week.
Commodities and currencies under scrutiny
Oil slightly retreats after recent tensions, with Brent around $107.
On the currency market, the euro remains firm against the dollar at 1.1737.
Gold holds steady at high levels, a sign of persistent demand for safe-haven assets.
Macro data: a busy morning in Europe
Several indicators are expected:
Manufacturing PMIs in Spain, Italy, Germany, and the eurozone
Sentix investor confidence index
In the United States, markets will follow industrial orders and durable goods this afternoon.
Stocks: limited contrasts
On the rise:
- Renault makes slight gains despite the threat of American tariffs
- Stellantis remains stable
- TF1 advances despite a weak quarter, with the market applauding the maintenance of objectives
On the decline:
- DBV Technologies falls, penalized by a significantly increased net loss despite a strengthened cash position
The movement remains technical and cautious:
The 8,000 points threshold remains a short-term monitoring level, in a market that remains sensitive to oil developments and political announcements.
