The flagship CAC 40 index fell 125.25 points, or 1.70%, to 7,253.46 points, its lowest level since March 31. The biggest declines were recorded by companies in industrial sectors such as Stellantis (-4.09% to 14.63 euros) and Renault (-2.82% to 32.74 euros) The approaching deadline to reach an agreement between Democrats and Republicans on raising the US debt ceiling is causing "additional stress" on the markets.