The CAC 40 Index Closes 0.65% Lower

The CAC 40 index rose 0.4% to around 8,300 on Thursday, reversing losses from the previous session as optimism over a potential resolution to the Middle East conflict lifted market sentiment. Reports suggest the US and Iran are considering extending their fragile ceasefire by two weeks to allow more time for negotiations, with the current truce set to expire next week, although shipping through the Strait of Hormuz remains suspended under a continued US naval blockade. Meanwhile, markets continued to digest corporate updates, with TotalEnergies signalling a strong first-quarter performance as higher energy prices and increased production outside the Middle East are expected to offset disruption from the conflict, though the energy giant still fell 0.8%. Among other notable performers, LVMH rose 1%, Airbus gained 1.1%, and Schneider Electric added 0.6%.

The CAC 40 Index is picking up 39 points or 0.47 percent on Thursday. Gains are led by Dassault Systemes (1.14%), Saint-Gobain (1.05%) and Societe Generale (0.95%). Biggest losers are Kering (-3.43%), Pernod Ricard (-1.28%) and Orange (-1.01%).

The CAC 40 Index fell -54 points or 0.65 percent on Wednesday to close at 8273 points. Leading the losses are Kering (-9.31%), Hermes International (-8.02%) and Safran (-2.85%). Top gainers were Edenred (3.83%), Publicis (3.14%) and Stellantis NV (2.04%).