French Stocks Edge Higher
2026-04-27 07:45
By
Czyrill Jean Coloma
1 min. read
France’s CAC 40 edged up 0.2% to 8,170 on Monday, trimming losses from the previous week as market sentiment improved on renewed prospects for US–Iran diplomacy.
Tehran has reportedly signaled, via mediators in Pakistan, that it is open to an interim deal with the US.
The proposal would involve reopening the Strait of Hormuz in exchange for Washington lifting its blockade of Iranian ports, while the issue of Iran’s nuclear program would be addressed at a later stage.
Meanwhile, investor attention is also focused on upcoming policy decisions from the European Central Bank, amid concerns that elevated oil prices could keep rate hike expectations alive.
In corporate news, Forvia climbed 3.5% after announcing plans to sell its car interiors division to Apollo Funds for €1.82 billion ($2.13 billion).
Elsewhere, gains were modest, with LVMH and TotalEnergies each rising 0.3%, while Schneider Electric added 0.7%.