French shares extended declines from the previous session on Wednesday as bearish inventory figures pulled down oil prices and the dollar remained on the defensive on concerns that U.S. President Donald Trump's reform agenda could be slowed down amid a deepening political turmoil.
In economic releases, Eurozone inflation accelerated as estimated in April, final data from Eurostat showed. Headline inflation climbed from 1.5 percent in March to 1.9 percent, returning to the European Central Bank's target of 'below, but close to 2 percent.'
The benchmark CAC 40 index was down 30 points or 0.55 percent at 5,375 in late opening deals after declining 0.2 percent on Tuesday.
Ubisoft Entertainment shares fell over 4 percent after the entertainment firm cut its mid-term sales forecast and rejected the possibility of a hostile takeover by Vivendi. Bouygues rose half a percent as a stronger performance in telecoms enabled the conglomerate to narrow its first-quarter net loss.
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Market Analysis
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.