French Stocks Rise for Second Session
2026-05-14 07:55
By
Czyrill Jean Coloma
1 min. read
The CAC 40 rose 0.5% to 8,046 on Thursday, extending gains from the previous session, supported by firm optimism around artificial intelligence, while investors closely monitored the highly anticipated summit between Presidents Donald Trump and Xi Jinping.
Sentiment toward AI remained strong after Cisco Systems reported record fiscal Q3 2026 results and issued a better-than-expected sales outlook.
Attention now centered on the Trump–Xi meeting, with Xi emphasizing to US business executives that China’s door to foreign business “will only open wider and wider.” The two leaders are also expected to discuss Taiwan, Iran and AI.
Luxury heavyweights were among the top gainers, with LVMH rising 0.7%, Hermès gaining 0.8%, and Kering edging up 0.2%, despite peer Burberry shedding ground even after reporting quarterly sales that beat estimates.
Financial stocks also strengthened, including BNP Paribas (0.6%), Crédit Agricole (0.9%), and Société Générale (1.8%).