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3w ago

Fed Meeting Opens With Paris Stocks Lower as Stronger Euro Hits Banks

Markets price a quarter-point Fed cut, putting Powell’s guidance in the spotlight.

Des opérateurs à la Bourse de New York le 15 septembre 2025
La salle de contrôle d'Euronext, société qui gère la Bourse de Paris

Overview

  • The CAC 40 fell 1.00% to 7,818.22 on Tuesday as traders positioned for a widely expected 25-basis-point cut by the Federal Reserve.
  • The euro climbed to its highest level in four years against the dollar, raising competitiveness concerns for European exporters, according to market analysts.
  • Bank shares led losses in Paris, with Société Générale down 3.57%, Crédit Agricole off 1.76% and BNP Paribas lower by 1.44%.
  • Luxury names outperformed, with Kering up 3.11% on reports of leadership changes at Gucci, while LVMH and Hermès had advanced in earlier trade.
  • Fed governance drew attention as Stephen Miran was sworn in after a rapid Senate confirmation and a court allowed Governor Lisa Cook to remain temporarily, while French 10-year yields hovered near 3.47%–3.50% with limited reaction to Fitch’s downgrade and briefly topped Italy’s for the first time since 1999.