CAC 40 closes 1.1 percent lower as oil and fiscal fears bite
Published on 10/08/2026 at 18:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- The CAC 40 closed at 7,687 points on October 8, 2026, down 1.1 percent.
- Higher oil prices, Middle East tensions and French fiscal concerns pressured the index.
- TotalEnergies gained 3.05 percent, while STMicroelectronics fell 3.55 percent.
- Italy industrial production and ECB speakers are scheduled for October 9, 2026.
The CAC 40 closed at 7,687 points on October 8, 2026, down 1.1 percent as higher oil prices, Middle East tensions and renewed concerns over France's fiscal outlook pressured European equities, Trading Economics reported. The decline extended the index's losses from the previous session and took it to its lowest level since March.
TotalEnergies was among the strongest CAC 40 constituents, gaining 3.05 percent, while STMicroelectronics fell 3.55 percent and Stellantis dropped 3.35 percent, according to Ideal Investisseur. Oil companies benefited as crude prices climbed, while banks and other rate-sensitive shares faced pressure from higher bond yields, Reuters reported.
Oil and French fiscal concerns drive the decline
The CAC 40 moved between 7,679 and 7,768 points during the October 8 session, with the intraday low leaving the index near its lowest level since March, Finanzen.ch reported.
Brent crude rose above USD 104 as reports of possible further military action involving Iran increased concerns about energy supply disruptions. At the same time, investors continued to assess France's budget deficit, which exceeds 5 percent of gross domestic product. The European Central Bank's account of its September meeting also highlighted energy-price developments and the global rise in long-term yields, the European Central Bank said.
What comes next
On October 9, 2026, Italy's August industrial production is scheduled for 10:00 a.m. CEST, according to Admiral Markets. ECB Executive Board member Piero Cipollone is due to participate in a panel at 12:15 p.m. CEST and Isabel Schnabel is scheduled to speak at 3:30 p.m. CEST, EU Monitoring reported. The preliminary University of Michigan consumer sentiment survey is due at 4:00 p.m. CEST, according to Trading Economics.
