French Equities Dip Amid Middle East Shipping Attacks
French stocks declined Wednesday as investors weighed U.S. inflation data and geopolitical instability following shipping attacks by the United States and Houthi forces.
The CAC 40 index declined by 10.55 points, or 0.12%, to 8,704.39 on Wednesday, August 12, 2026. Investors maintained a cautious stance while awaiting key U.S. inflation data to determine the future interest rate trajectory of the Federal Reserve System.
Market volatility was exacerbated by geopolitical instability in the Middle East. Reports of separate shipping attacks conducted by the United States and Yemen's Iran-aligned Houthis raised concerns over supply chain disruptions. Uncertainty regarding the reopening of the Strait of Hormuz further hindered prospects for ending the ongoing war with Iran.
Corporate performance was mixed across sectors. Legrand and STMicroelectronics recorded gains, while luxury and energy firms, including Kering, LVMH, and TotalEnergies, experienced losses.
Keep reading in the app
The full story and every source, free in the app.
Coming soonGoogle Play