French Stocks on 3-Session Winning Streak
2026-03-18 08:49
By
Czyrill Jean Coloma
1 min. read
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.