Paris (France) (AFP) – The Paris Stock Exchange stalled on Wednesday after trying to take advantage, like other European markets, of the temporary drop in oil prices, caught up by inflation on the eve of the presentation of the 2027 budget.
Published on: 09/30/2026 - 11:48
Around 11:25 a.m. in Paris, the CAC 40 index fell towards the threshold of 8,000 points (-0.39% to 8,004.85 points) after an opening close to equilibrium and even a breakthrough in the first exchanges.
The day before, the basket of the 40 largest French capitalizations had lost 0.53%, to 8,035.87 points, slowed down by the surge in interest rates (4.80% for 10-year French bonds, the highest since 2008).
On Wednesday morning, the fever in ten-year rates calmed very slightly at 4.78%.
On a downward trend at the start of the day, oil started to rise again to $103.64 per barrel for Brent (+1.02%) and $90.23 per barrel for American WTI (+0.95%).
The atmosphere failed to be calm in France on the eve of the presentation of the 2027 budget.
“Reality is catching up with us,” Prime Minister Sébastien Lecornu warned on Wednesday about the rise in rates.
“Let's not add instability to these difficulties,” added Mr. Lecornu, who has no majority in the Assembly against the backdrop of a presidential pre-campaign which is deepening political divisions on budgetary issues (pensions, taxation).
Furthermore, the session began in Paris with data showing an acceleration of inflation in September in France to 3% over one year against 2.4% in August, the highest since February 2024. Shortly after, Italy announced an increase in prices up to 4.2% over one year.
After Spain the day before (4.9%), and before Germany and the United States on Wednesday, these inflation figures are weighing on investor morale.
“Inflation figures that are too high could quickly raise (...) expectations of another upcoming rate hike by the European Central Bank (ECB),” explains Jochen Stanzl, market analyst at Consorsbank on the subject of inflation in Germany.
In detail, Publicis suffered a new movement in the sale of shares (-2.09% to 93.78 euros), just like Dassault Systèmes (-2.08% to 20.21 euros).
Conversely, the aperitif champion Pernod-Ricard progressed (+1.70% to 61.02 euros).
© 2026 AFP
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