CAC 40: Paris Stock Exchange Wavers Below 8,300 Points, TotalEnergies Weighed Down by Brent Decline

A Session Caught Between Geopolitics and Caution

Paris advances without conviction. The backdrop remains marked by the resumption of hostilities between Iran and the United States, with new Iranian strikes reported against targets in Kuwait. Brent, which was trading this week around $95 per barrel after reaching six-week highs, fuels an energy risk premium even as it begins to decline this afternoon.

Elsewhere in Europe, the STOXX 600 inches up 0.06% during the session, and the DAX gains 0.27%, while the FTSE 100 slips 0.07%. Dispersion is the order of the day: on the CAC 40, there are 19 gainers, 20 losers, and one stable value.

Legrand leads, Accor and steel on the rise

At the top of the chart, Legrand rises by 3.22% to 140.85 euros. The Limoges-based electrical group announced it has maintained its Platinum EcoVadis medal, placing it in the top 1% of rated companies. Just behind, Accor increases by 2.27% to 46.81 euros. The hotel group benefited from an upgrade by Morgan Stanley, from « market weight » to « overweight, » with a target raised to 55 euros, following the launch of 380 million euros in convertible bonds for 2032 to redeem its 2027 OCEANEs. The steel sector is also making strong gains: ArcelorMittal gains 2.22% to 67.12 euros, lifted by Deutsche Bank, which maintains its buy recommendation while raising its target from 66 to 71 euros. STMicroelectronics (+1.83%) and Renault (+1.77%) round out the leaders.

Dassault Systèmes Drops, TotalEnergies Under Pressure

The decline is led by Dassault Systèmes, dropping 3.43% to 21.71 euros, marking the steepest fall in the index. Next is TotalEnergies, down 1.56% to 76.80 euros. The oil giant faces a downgrade from Morgan Stanley, moving from « overweight » to « market weight, » although the target is slightly raised to 78 euros. Additionally, the group announced it would become the operator of Mopane, a giant oil discovery in Namibia. Capgemini is down 1.55% to 108.30 euros. In telecommunications, Orange falls 1.40% to 15.19 euros as the operator announced it will join the ReuNION submarine cable consortium between La Réunion and South Africa. Publicis rounds out the bottom of the table (-1.25% to 102.45 euros), despite a price target increase from 110 to 120 euros by CIC Market Solutions, which reiterates its buy rating.