The Paris CAC 40 slipped 0.2% to close at 8,041 in a lackluster session on Thursday, giving back earlier gains as renewed concerns over France’s political situation weighed on investor sentiment. President Emmanuel Macron is set to appoint his sixth prime minister during his tenure, with frequent government reshuffles continuing to cloud the outlook for the French economy. The luxury sector came under heavy pressure, with LVMH down 2.8%, Hermes falling 2.7%, and Kering edging 0.9% lower. Michelin also extended its decline, leading losses with a 3.8% drop after holding a pre-close call on its third-quarter results and announcing that Q3 2025 sales figures will be released on October 22. On the upside, Danone jumped 4.7%, while ENGIE (+1.9%), Bouygues (+1.9%), Veolia (+1.7%) and Vinci (+1.3%) also posted solid gains.