Paris stocks flat as oil surge weighs on CAC 40

boursier.com (French) —

Paris stocks gave up early gains Monday, with the CAC 40 flat near 8,090 points as rising oil prices weighed on the market. Brent crude jumped 3% to nearly $108 per barrel. The oil surge followed President Donald Trump's weekend rejection of Iran's proposal to reopen the Strait of Hormuz within seven days, though US negotiators plan new talks with Tehran this week. European and US bond markets remain under pressure, with French 10-year yields hitting highs not seen since 2008 at 4.74%. TotalEnergies confirmed its 2030 growth targets, while Equasens jumped 15% on strong results. Stellantis led CAC 40 gainers, while bank stocks including Crédit Agricole, BNP Paribas, and Société Générale fell about 1%.


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