{"id":65471,"date":"2025-10-17T10:44:13","date_gmt":"2025-10-17T10:44:13","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/10\/17\/cac-40-drifts-lower-as-bank-stocks-tumble-essilor-jumps-on-strong-earnings\/"},"modified":"2025-10-17T10:44:13","modified_gmt":"2025-10-17T10:44:13","slug":"cac-40-drifts-lower-as-bank-stocks-tumble-essilor-jumps-on-strong-earnings","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/10\/17\/cac-40-drifts-lower-as-bank-stocks-tumble-essilor-jumps-on-strong-earnings\/","title":{"rendered":"CAC 40 Drifts Lower As Bank Stocks Tumble; Essilor Jumps On Strong Earnings"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> A day after hitting a 7-month high, French stock market&#8217;s benchmark index CAC 40 has slipped into negative territory with bank stocks suffering sharp losses on Friday amid concerns about the <span class=\"landLinks\">health<\/span> of U.S. credit <span class=\"landLinks\">markets<\/span>.<\/p>\n<p>Concerns about U.S.-China trade tensions, and the ongoing war in Ukraine are also weighing on sentiment.<\/p>\n<p>The temporary reprieve the newly formed French government got after Prime Minister S\u00e9bastien Lecornu survived two no-confidence votes on Thursday helps limit market&#8217;s downside.<\/p>\n<p>The DAX, which plunged to 22,682,63 earlier, was down 497.74 points or 2.05% at 23,775.19 a little while ago. <\/p>\n<p>The CAC 40 was down 60.70 points or 0.74% at 8,127.89 a few minutes past noon.<\/p>\n<p>Shares of lenders are hurt by concerns about the health of U.S. banking sector. Zions Bancorporation, a Utah-based lender, said it would write off $50m on two loans, while Phoenix-headquartered Western Alliance said it had started legal proceedings over a bad loan said to be worth $100m.<\/p>\n<p>Societe Generale and BNP Paribas are down 5.2% and 3.9%, respectively. Credit Agricole is declining by about 2.5%.<\/p>\n<p>Thales is down 3.7%, while STMicroElectronics, Airbus, Legrand, Safran and Schneider Electric are down 2.1 to 3%.<\/p>\n<p>AXA, Saint Gobain, ArcelorMittal, Capgemini, Eurofins Scientific, Kering and Veolia Environment are also notably lower.<\/p>\n<p>EssilorLuxxotica is soaring nearly 12% after reporting that revenues for the third quarter were 6,867 million euros, up 11.7% from last year.<\/p>\n<p>Pernod Ricard and Danone are gaining 1.9% and 1.4%, respectively. Orange is up 0.6%, while Hermes International and Carrefour are up marginally. <\/p>\n<\/p>\n<p>Market Analysis<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>CAC 40 Drifts Lower As Bank Stocks Tumble; Essilor Jumps On Strong Earnings<\/a><br \/>\n<br \/>2025-10-17 10:44:13<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A day after hitting a 7-month high, French stock market&#8217;s benchmark index CAC 40 has slipped into negative territory with bank stocks suffering sharp losses on Friday amid concerns about&#8230;<\/p>\n","protected":false},"author":2,"featured_media":65472,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":{"0":"post-65471","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-euro-markets"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/65471","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=65471"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/65471\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/65472"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=65471"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=65471"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=65471"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}