European stock markets are particularly hesitant. The CAC 40 falls by 0.41% to 8,193 points, while the Euro Stoxx 50 gains 0.04% to 5,897 points. London drops by 0.33% while the DAX 40 advances by 0.14%.
Geopolitically, a sense of deadlock prevails. Donald Trump, after extending the indefinite ceasefire between Washington and Tehran, announced yesterday an additional three-week truce between Israel and Lebanon.
This morning, the price of Brent crude oil is up by 1.07% to $107.09.
In this tense context, French household confidence continues to deteriorate. Weakened by the war in the Middle East, it has reached its lowest level since the beginning of the conflict in Ukraine, according to Insee. The indicator has declined by 5 points in April to 84, after a first drop to 89 the previous month, further distancing itself from its long-term average (100 between January 1987 and December 2025). This marks its lowest level since May 2023.
In Germany, business sentiment has also deteriorated more than expected in April, amid persistent tensions related to the conflict in Iran, according to the monthly survey by the Ifo institute published on Friday. The index stands at 84.4, down from 86.3 in March (revised down from an initial estimate of 88.6), while economists had on average anticipated 86.6. This marks its lowest level since May 2020, during the peak of the health crisis.
Participants will be watching the University of Michigan consumer sentiment index at 4:00 PM.
Moving on to market activity, on the CAC 40, Bureau Veritas (+1.99%) and TotalEnergies (+1.44%) are leading the way, while Renault (-3.24%) is near the bottom of the index. The car manufacturer is heading towards its fifth consecutive session of decline. Forvia (-4.78%) and Valeo (-4.60%) are also under pressure after a decline in their first-quarter activity.
Additionally, Spie (+7.13%) shines at the top of the SBF 120 index, with the specialist in electrical and mechanical engineering reporting a less pronounced production decline than expected. Seb (+5.48%) closely follows Spie, announcing a 42% increase in operating profit to 72 million euros. On the Stockholm Stock Exchange, Electrolux (-23%) faces heavy sanctions following a disappointing quarter.
In the foreign exchange market, the euro slightly advances by 0.02% against the dollar, reaching 1.1686 USD.
