Paris Stock Exchange Pressured by Rising Oil Prices and Yields

The Paris stock exchange was impacted by rising oil prices and new tensions in the bond markets. The yield on the French 10-year OAT bond hovered around 4.65% on Friday morning, a 20 basis point increase in line with the previous day's movement in the United States. Investors also monitored the ongoing trade discussions between China and the U.S.

According to France's national statistics institute (Insee), the business climate indicator fell by two points to 96 in September, moving further from its long-term average of 100. Household confidence remained stable at 86, staying below its long-term average.

In corporate news, Christian Dior, the parent company of luxury giant LVMH, announced plans to simplify its ownership structure to ensure continued family control over the group. Defense sector companies Dassault Aviation, Thales, and Safran signed a memorandum of understanding with Portugal's aerospace and defense industry association to explore cooperation possibilities.

Schneider Electric intends to launch a takeover bid for Bulgarian smart home device maker Shelly Group to strengthen its market position. Recreational vehicle manufacturer Trigano reported revenue growth for the fiscal year ending August 2026, driven by demand in certain European markets, but did not provide forecasts for the upcoming year due to client uncertainty. Boat builder Bénéteau saw its first-half net loss reduce significantly, mainly due to the divestment of its U.S. industrial activities.