The CAC 40 Index Closes 1.99% Higher

The CAC 40 Index gained 163 points or 2.08 percent on Wednesday to close at 7979 points. Gains were led by Societe Generale (6.99%), STMicroelectronics (6.49%) and ArcelorMittal (6.43%).

The CAC 40 climbed 2.2% to 7,989 on Wednesday, extending its winning streak to a third consecutive session and reaching its highest level in two weeks, as market sentiment was lifted by growing optimism that the month-long Middle East conflict could de-escalate. US President Donald Trump indicated that American military operations in Iran may conclude within two to three weeks, while Iranian President Masoud Pezeshkian said Tehran has the “necessary will” to end the war, contingent on guarantees against renewed escalation. European shares have been under pressure since the start of the Middle East conflict, particularly due to concerns over energy supply disruptions amid constraints on flows through the strategically vital Strait of Hormuz. Luxury stocks led the advance, with LVMH rising 2.6%, Hermès gaining 2.9%, and Kering climbing 3.6%. Financials also posted strong gains, as BNP Paribas, Crédit Agricole, and Société Générale advanced between 3.6% and 5.5%.

The CAC 40 Index is gaining 169 points or 2.16 percent on Wednesday. Leading the gains are STMicroelectronics (5.48%), ArcelorMittal (5.29%) and Societe Generale (5.18%).