France: CAC 40 Tumbles at Week's Start.

The CAC 40 index fell 2.2% to close at 8,394 on Monday, amid a broad flight to safety after the escalation in the Middle East. Market confidence shook after joint US-Israeli strikes on Iran led to the death of its Supreme Leader and the subsequent closure of the Strait of Hormuz. These events ignited fears of an energy crisis, with TotalEnergies gaining 3.1% as oil prices jumped. However, these gains were not enough to save the index as luxury giants and banks were hit hard. LVMH tumbled 4.3%, Hermes fell 4%, L'Or