CAC 40

Key insight

8,100 round-number support tested now; a daily close below exposes the 200-day MA near 7,950. Oil at $100 squeezes margins for Air France, Totalenergies offsets partially — net drag on CAC earnings estimates.

Drops 0.84% to 8,107 as EUR/USD falls 0.6% to 1.1534, oil surges 3% to $100, and S&P 500 slides 0.7% — triple headwind hitting France's export-heavy, energy-importing index.

Main risk

Brent Crude at $100 — margin shock

Oil +3% to $100 today raises input costs for industrials and airlines; CAC has ~12% energy importers by weight dragging forward EPS.