European stock markets are sharply in the red. The CAC 40 is down 1.17% at 8,131 points, while the Euro Stoxx 50 is falling by 0.75% to 5,850 points. London and Frankfurt are each losing 0.75% and 0.54%, respectively.
Geopolitically, a sense of deadlock prevails. Donald Trump, after indefinitely extending the ceasefire between Washington and Tehran, announced yesterday an additional three-week truce between Israel and Lebanon.
At this late morning, the price of Brent crude oil is up by 1.07% at $107.09.
In this tense context, French household confidence continues to deteriorate. Weakened by the conflict in the Middle East, it has reached its lowest level since the beginning of the conflict in Ukraine, according to INSEE. The indicator fell by 5 points in April to 84, after a previous drop to 89 the month before, 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 ongoing tensions related to the Iran conflict, according to the Ifo Institute’s monthly survey released on Friday. The index is at 84.4, down from 86.3 in March (revised after an initial estimate of 88.6), while economists had anticipated an average of 86.6. This is the lowest level since May 2020, during the peak of the health crisis.
Participants will monitor the University of Michigan’s consumer confidence index at 4:00 PM.
Moving on to stock movements, the CAC 40 is led by Bureau Veritas (up 1.99%) and TotalEnergies (up 1.44%), while Renault (down 3.24%) is at second to last place in the Parisian benchmark index. The automaker is heading towards a fifth consecutive session of declines. Forvia (down 4.78%) and Valeo (down 4.60%) are also under pressure after a decline in their first-quarter activity.
Additionally, Spie (up 7.13%) shines at the top of the SBF 120 index, with the electrical and mechanical engineering specialist reporting a less pronounced production decrease than expected for the period. Following closely is Seb (up 5.48%), which announced a 42% increase in operational business income (Ropa) to 72 million euros. On the Stockholm Stock Exchange, Electrolux (down 23%) is heavily penalized after a disappointing quarter.
In the currency market, the euro is slightly up by 0.02% against the dollar, at 1.1686 USD.
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