CAC 40 falls 0.7 percent at midday as Kering and PMI weigh
Published on 10/23/2026 at 13:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSFrench growth data pressure shares
- CAC 40 stood at 7,754 points at 12:22 p.m. CEST, down 57 points or 0.7 percent on October 23, 2026.
- French services PMI fell to 48.4 points versus a 50.7-point forecast.
- L'Oreal led CAC 40 gainers with a 4.9 percent rise, while Kering fell 12.9 percent.
- U.S. flash PMI data are scheduled for October 23, 2026, at 3:45 p.m. CEST.
The CAC 40 fell 57 points, or 0.7 percent, to 7,754 points at 12:22 p.m. CEST on October 23, 2026. French services activity contracted in October, with the flash PMI at 48.4 points against a 50.7-point forecast, Reuters reported.
Since the midday level of 7,818 points at 12:59 p.m. CEST, the CAC 40 has fallen 64 points, or 0.8 percent. L'Oreal was the strongest major gainer, while Kering led losses after weak Gucci sales.
Why is the CAC 40 down at midday?
France's composite PMI fell to 48.4 points from 51.1 in September, below the 50.5-point forecast. Services PMI also fell to 48.4 points from 51.2, missing the 50.7-point forecast, Investir reported.
Higher oil prices and French political uncertainty also pressured European equities. Brent crude traded near a five-month high, while France's 10-year yield had exceeded 5 percent earlier in the week, Reuters said.
CAC 40 winners and losers at midday
Winners and losers at 12:22 p.m. CEST according to Ideal Investisseur:
- L'Oreal up 4.9 percent: third-quarter sales exceeded analyst expectations.
- TotalEnergies up 2.2 percent: higher oil prices supported the shares.
- EssilorLuxottica up 1.2 percent: a credit-rating upgrade supported the stock.
- Kering down 12.9 percent: Gucci sales weakened in the third quarter.
- Safran down 8.0 percent.
- Accor down 2.9 percent despite higher quarterly revenue.
Only nine CAC 40 stocks were rising, against 31 decliners, in the midday snapshot.
What comes next for the CAC 40
- October 23, 2026, 3:45 p.m. CEST: U.S. flash purchasing managers' index data are due, Zonebourse reported.
- October 23, 2026: Moody's is scheduled to review France's sovereign credit rating, according to Reuters.
CAC 40 price data for October 23, 2026
At 12:22 p.m. CEST on October 23, 2026, the CAC 40 stood at 7,754 points, down 57 points, or 0.7 percent, from the October 22 close of 7,811 points.
CAC 40 by the numbers on October 23, 2026
- Index: CAC 40
- Home exchange: Euronext Paris, France
- Level at 12:22 p.m. CEST on October 23, 2026: 7,754 points
- Change versus previous close of October 22, 2026: down 57 points (down 0.7 percent)
- Previous close: 7,811 points
- Top gainer: L'Oreal up 4.9 percent
- Top loser: Kering down 12.9 percent
- Next scheduled event: October 23, 2026, 3:45 p.m. CEST: U.S. flash purchasing managers' index data
