French Stocks Extend Gains
2026-02-18 08:53
By
Czyrill Jean Coloma
1 min. read
The CAC 40 rose 0.4% to 8,395 on Wednesday, extending gains from the previous session as investors tracked global developments and a fresh round of corporate earnings.
Geopolitical tensions eased after the US and Iran reached an understanding on “guiding principles” for their nuclear dispute, while Ukraine and Russia concluded the first round of US-mediated peace talks.
In Europe, the Financial Times reported that Christine Lagarde could step down as ECB president before France’s 2027 presidential election.
Domestically, final estimates showed the annual inflation rate slowed to 0.3% in January 2026 from 0.8% in December, its lowest since December 2020.
Defense stocks outperformed, supported by an agreement between India and France to strengthen defense and aerospace ties, as well as BAE Systems’ stronger-than-expected FY operating profit.
Airbus, Safran, and Thales jumped 1.4%, 1.9%, and 4.3%, respectively.
Meanwhile, Carrefour fell 4.2% after reporting a decline in operating profit.