European stock markets are showing hesitation. The CAC 40 falls 0.41% to 8193 points, while the Euro Stoxx 50 gains 0.04% to 5897 points. London drops 0.33% while the DAX 40 advances by 0.14%.
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.
As the morning comes to an end, Brent crude oil is up by 1.07% at $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 dropped by 5 points in April to 84, after a first decline to 89 the previous month, 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 strongly than expected in April, against the backdrop of 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 after an initial estimate of 88.6), while economists were expecting an average of 86.6. This is its lowest level since May 2020, during the height of the health crisis.
Market participants will be monitoring the University of Michigan’s consumer confidence index at 4 p.m.
Moving onto stock movements, the CAC 40 is led by Bureau Veritas (+1.99%) and TotalEnergies (+1.44%), while Renault (-3.24%) is in the second to last place on the Paris stock exchange index. The automaker is heading towards a fifth consecutive session of decline. Forvia (-4.78%) and Valeo (-4.60%) are also under pressure after a decline in their activity in the first quarter.
Additionally, Spie (+7.13%) shines at the top of the SBF 120 index, the specialist in electrical and mechanical engineering having reported a less steep production decline than expected for the period. Spie is followed by Seb (+5.48%), which announced a 42% increase in operating income to 72 million euros. At the Stockholm Stock Exchange, Electrolux (-23%) is heavily penalized after a disappointing quarter.
In the currency market, the Euro rose slightly by 0.02% against the dollar, reaching 1.1686 USD.
