CAC 40 falls 1.3 percent at midday as Hermès misses sales
Published on 10/22/2026 at 13:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSRates and luxury pressure
- CAC 40 traded at 7,818 points at 12:59 p.m. CEST on October 22, down 104 points or 1.3 percent.
- France's 10-year yield rose above 5 percent as debt concerns pressured Paris stocks.
- Hermès fell 8.5 percent after third-quarter growth slowed to 4.3 percent.
- Moody's reviews France's sovereign rating on October 23 after the session.
The CAC 40 fell 104 points, or 1.3 percent, to 7,818 points at 12:59 p.m. CEST on October 22, as French borrowing costs moved above 5 percent. The index extended Wednesday's rebound reversal as oil prices and technology concerns pressured European equities, Zonebourse reported.
Hermès was the CAC 40's weakest major stock, down 8.5 percent after third-quarter growth slowed to 4.3 percent at constant exchange rates, Ideal Investisseur reported.
Why is the CAC 40 down at midday?
French 10-year government bond yields rose to 5.0395 percent, their highest level since July 2002. The spread over German Bunds exceeded 165 basis points. Reuters via Zonebourse linked the equity decline to higher oil prices, renewed concerns about artificial intelligence investment returns and French debt pressure.
Brent crude rose more than 2 percent to USD 111.03 a barrel after attacks in Saudi Arabia increased concern about wider Middle East tensions. European technology stocks fell 1.76 percent in the same market update.
Hermès leads CAC 40 losses
At 10:40 a.m. CEST, the session's strongest listed performers were Eurofins Scientific and Danone. Hermès, STMicroelectronics and Legrand led the decliners, with the same-session Euronext leaderboard showing the moves, Ideal Investisseur reported.
- Eurofins Scientific up 1.3 percent
- Danone up 1.2 percent
- Hermès down 6.8 percent: third-quarter growth slowed to 4.3 percent
- STMicroelectronics down 3.4 percent
- Legrand down 3.4 percent
CAC 40 trades near 7,818 points
The index was down 1.3 percent at 12:59 p.m. CEST. It had gained 1.1 percent on Wednesday to close at 7,922 points, leaving the current decline at 104 points from that level. The market remains focused on French fiscal policy, corporate earnings and energy prices.
What comes next for the CAC 40
- October 23, 2026, 9:00 a.m. CEST: CAC 40 opens after Moody's review of France's sovereign rating, Ideal Investisseur reported.
CAC 40 price data for October 22, 2026
The CAC 40 stood at 7,817.75 points at 12:59 p.m. CEST on October 22, according to Zonebourse. It was down 103.93 points, or 1.31 percent, from the previous close of 7,921.68 points.
CAC 40 by the numbers on October 22, 2026
- Index: CAC 40
- Home exchange: Euronext Paris, France
- Level at 12:59 p.m. CEST on October 22, 2026: 7,818 points
- Change versus previous close of October 21, 2026: down 104 points (down 1.3 percent)
- Previous close: 7,922 points
- Top gainer: Eurofins Scientific up 1.3 percent
- Top loser: Hermès down 6.8 percent
- Next scheduled event: October 23, 2026, 9:00 a.m. CEST: CAC 40 opens after Moody's review of France's sovereign rating
