CAC 40 Rises After ECB Rate Hold

2026-04-30 16:32 By Isabela Couto 1 min. read

The CAC 40 rose 0.5% to close at 8,115 on Thursday after the European Central Bank held rates at 2% for a third straight meeting, in line with expectations.

Policymakers flagged uncertainty around the Iran conflict, particularly elevated energy prices, and signaled a wait-and-see stance on whether cost pressures will broaden.

Oil prices, however, retreated after briefly topping $126 per barrel earlier in the session.

Luxury stocks advanced, with LVMH up 0.7% and Hermès gaining 1%.

Industrials also rose, as Safran and Thales added 1.6%.

TotalEnergies gained 1.3%, supported by still-high oil prices despite the easing from earlier peaks.

Elsewhere, Stellantis tumbled 6.4% after weak revenue.

On the data front, the economy stalled in Q1 2026, while annual inflation rose to a near two-year high of 2.2% in April.



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CAC 40 Rises After ECB Rate Hold
The CAC 40 rose 0.5% to close at 8,115 on Thursday after the European Central Bank held rates at 2% for a third straight meeting, in line with expectations. Policymakers flagged uncertainty around the Iran conflict, particularly elevated energy prices, and signaled a wait-and-see stance on whether cost pressures will broaden. Oil prices, however, retreated after briefly topping $126 per barrel earlier in the session. Luxury stocks advanced, with LVMH up 0.7% and Hermès gaining 1%. Industrials also rose, as Safran and Thales added 1.6%. TotalEnergies gained 1.3%, supported by still-high oil prices despite the easing from earlier peaks. Elsewhere, Stellantis tumbled 6.4% after weak revenue. On the data front, the economy stalled in Q1 2026, while annual inflation rose to a near two-year high of 2.2% in April.
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