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2h ago

Paris Stocks Fall as Oil Hits $110 and Conflicting Middle East Signals Unsettle Markets

Energy and health stocks draw buyers as markets price a longer hit to growth.

Pernod Ricard remontait de plus de 3% ce matin à la Bourse de Paris.
Stock market statistics are displayed on a screen at the New York Stock Exchange (NYSE) at the opening bell in New York on March 24, 2026. European and US stocks resumed sliding and oil prices jumped on Tuesday as traders turned cautious over the prospect of a negotiated agreement between the United States and Iran to end the Middle East war.

Overview

  • French shares slipped in early trade, giving back a short rebound as Brent crude climbed near $110 a barrel and investors grew more cautious.
  • Traders weighed U.S.–Iran signals after President Trump said talks were going well and pushed back his ultimatum, while the Wall Street Journal reported the Pentagon was ready to deploy about 10,000 more troops.
  • Money moved into oil producers and big drugmakers, with TotalEnergies and Sanofi rising, while rate‑sensitive tech names and speculative AI plays fell.
  • Pernod Ricard rebounded after the company confirmed talks on a possible tie‑up with Brown‑Forman, the owner of Jack Daniel’s, reversing a sharp drop when the deal was only a rumor.
  • Edenred tumbled after Italy’s competition authority opened a probe into alleged abuse of dominance in lunch‑voucher distribution, with the stock later showing only a slight stabilisation.