Paris (France) (AFP) – The Paris Stock Exchange moved without much change Monday morning, on the eve of the mid-term elections in the United States, despite the sharp decline in oil, while Alstom collapsed after a new warning on its results.
Published on: 02/11/2026 - 10:33
Around 10:00 a.m., the CAC 40 was stable (+0.04%), at 7,972.50 points. On Friday, the flagship index of the Parisian market lost 0.01%, or 0.58 points, to finish at 7,969.42 points.
On the oil side, a barrel of Brent from the North Sea lost 3.69%, to 109.24 dollars, after information from the Axios site according to which American President Donald Trump wanted to leave more time for diplomacy with Iran.
But “the fall in oil prices has not done much for European stocks,” notes Neil Wilson, strategist at Saxo UK.
Investors remain attentive to the outcome of the mid-term elections in the United States.
“The clear fear is that energy prices will become a less pressing political issue once the vote passes, leaving room for more aggressive action in and around Iran,” writes Jim Reid, a strategist at Deutsche Bank.
On the debt market, Fitch maintained France's rating at A+ on Friday evening, but does not rule out lowering it in the medium term. The French ten-year borrowing rate drops to 4.93%, after 4.97% on Friday.
Alstom dives
Alstom fell 27.45%, to 11.47 euros. The railway manufacturer now only expects an operating margin of around 1% for its 2026/27 financial year, compared to around 6.5% so far. The stock has lost more than half its value since January.
The pan-European stock market operator Euronext fell 1.24%, to 175.40 euros, the biggest drop in the CAC 40, after announcing its intention to appoint the Dutchman David Knibbe, boss of the insurer NN Group, at its head in May 2027, replacing Stéphane Boujnah.
The automotive supplier Forvia (+0.76% to 8.45 euros) reported almost stable turnover in the third quarter and confirmed its annual objectives.
© 2026 AFP
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