Editor’s Note
This brief market update highlights a modest rise in the CAC 40 amid significant volatility in commodity markets, particularly precious metals and oil.
Monday, February 2, 2026 at 1:31 PM
(BFM Bourse) – The Parisian index is trading slightly higher this Monday, February 2, while violent market reactions are observed in precious metals and oil.
The Paris Stock Exchange is starting the week on a rather good note this Monday, February 2. The CAC 40 is up 0.35% at 8,155.3 points by midday.
More than equity markets, it is commodity prices making the news. Notably, gold and silver prices are falling again, weighed down particularly by technical factors.
Since Friday, the two metals have been under pressure due to Donald Trump’s nomination of Kevin Warsh to head the Federal Reserve (Fed). This decision was perceived as favorable to the independence of the monetary institution, easing fears that had contributed to the rise in precious metal prices.
Oil, meanwhile, is on the ropes. The April contract for North Sea Brent is down 4.6% at $66.09 per barrel, while the March contract for WTI traded in New York is down 4.9% at $62 per barrel.
Black gold prices are being pressured by Donald Trump’s desire to reach an agreement with Iran on the nuclear issue. This eases fears of a U.S. attack on the country and thus of disruptions to oil supply.
With the decline in oil prices, TotalEnergies is down 1%.
Air France-KLM climbs 3.33%. It should be recalled that the fuel bill constitutes one of the main expense items for airlines.
Eramet plunges 7.32% after announcing the departure of its CEO due to “differences” that emerged with the board of directors.
On the foreign exchange market, the euro is stable against the dollar at $1.1856.
Julien Marion – ©2026 BFM Bourse
