French Stocks Rebound, Still Eye Weekly Losses

2026-03-06 08:48 By Czyrill Jean Coloma 1 min. read

The CAC 40 rose 0.3% to 8,069 on Friday, rebounding from a near three-month low in the previous session as softer oil prices boosted market sentiment.

The US granted India a 30-day waiver to continue purchasing Russian oil, a move aimed at stabilizing supply as the escalating Middle East conflict disrupts global energy markets.

Still, geopolitical tensions continued to dominate the fragile market as the US-Israeli offensive against Iran entered its seventh day with no signs of de-escalation.

As a result, investors remained wary of elevated inflation pressures, fueling expectations of a more hawkish stance from the ECB.

Defense stocks were among the standout performers, with Safran gaining 1.3%, Thales climbing 2.1%, and Airbus rising 0.9%.

Luxury stocks also posted solid gains, with LVMH, Hermès, and Kering rising between 0.8% and 1.6%.

Despite Friday’s rebound, the CAC 40 remains on track for a notable weekly decline, which would snap a streak of four consecutive weeks of gains.



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French Stocks Rebound, Still Eye Weekly Losses
The CAC 40 rose 0.3% to 8,069 on Friday, rebounding from a near three-month low in the previous session as softer oil prices boosted market sentiment. The US granted India a 30-day waiver to continue purchasing Russian oil, a move aimed at stabilizing supply as the escalating Middle East conflict disrupts global energy markets. Still, geopolitical tensions continued to dominate the fragile market as the US-Israeli offensive against Iran entered its seventh day with no signs of de-escalation. As a result, investors remained wary of elevated inflation pressures, fueling expectations of a more hawkish stance from the ECB. Defense stocks were among the standout performers, with Safran gaining 1.3%, Thales climbing 2.1%, and Airbus rising 0.9%. Luxury stocks also posted solid gains, with LVMH, Hermès, and Kering rising between 0.8% and 1.6%. Despite Friday’s rebound, the CAC 40 remains on track for a notable weekly decline, which would snap a streak of four consecutive weeks of gains.
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