The CAC 40 Index Opens 0.58% Higher

The CAC 40 rose 0.7% to 8,028 on Wednesday, marking a third consecutive session of gains as worries over Middle East-related disruptions to global oil supplies eased. Oil prices pulled back after crude shipments from Iraq’s Kirkuk fields to Turkey’s Ceyhan port resumed. In addition, the US has intensified efforts to reopen the strategically vital Strait of Hormuz, though allied nations have so far resisted calls from President Donald Trump to jointly secure shipping routes. Meanwhile, investor attention is focused on upcoming monetary policy decisions from major central banks, particularly the Federal Reserve later today and the European Central Bank on Thursday. Luxury stocks were among the top performers, with LVMH, Hermès, and Kering rising between 0.8% and 1.4%. Financials also outperformed, as BNP Paribas, Société Générale, and Crédit Agricole gained between 1.6% and 2.5%. In contrast, Sanofi (-0.3%), Danone (-1.1%), and Publicis (-1.4%) were among the few decliners.

The CAC 40 Index is gaining 46 points or 0.58 percent on Wednesday. Leading the gains are Legrand (2.61%), Societe Generale (2.44%) and ArcelorMittal (1.86%). Top losers are Publicis (-2.27%), Danone (-1.41%) and Edenred (-1.28%).

The CAC 40 Index gained 45 points or 0.57 percent on Tuesday to close at 7981 points. Gains were led by Stellantis NV (2.89%), TotalEnergies SE (2.67%) and AXA (2.03%). Biggest losers were Hermes International (-1.92%), Dassault Systemes (-1.90%) and LVMH (-1.63%).