The CAC 40 had a turbulent week, shaped by geopolitical developments in the Middle East and sharp fluctuations in energy prices. After a pressured start to the week, the Paris index attempted a rebound, before losing ground towards the end of the period.
Market movements were largely influenced by statements from Donald Trump. Early signs of de-escalation supported a strong rebound in the indices, allowing the CAC 40 to approach the 8,000 points mark. However, the lack of a clear timeline and the return of military threats quickly reignited caution, leading to a decline by the end of the week.
In parallel, energy prices saw significant fluctuations. Brent oil oscillated between a calm phase near $100 and a new rebound above $107. This instability directly impacted sectoral arbitrations, with rapid rotations between cyclical and defensive stocks.
On the Paris market, banking and industrial stocks benefited from optimistic phases, recording significant rebounds mid-week. Conversely, energy-related stocks corrected during oil price relaxations, before recovering with the return of tensions.
The week was also marked by several company announcements. Accor engaged in a strategic operation regarding its stake in Essendi, while Pernod Ricard continued its refocusing with sales in the United States. As for mid-sized companies, Bilendi reported strong growth results, albeit not avoiding profit-taking.
Finally, the week ended on a peculiar note with the closure of Euronext Paris for the Easter weekend. This four-day interruption freezes prices, but leaves investors exposed to potentially decisive information flow before reopening.
Ultimately, the market remains directionless. Between hopes of de-escalation and persistent risks on energy, the CAC 40 approaches the future in a waiting position, with visibility still limited.
