French Stocks Hover Near Flatline
2026-05-20 08:05
By
Czyrill Jean Coloma
1 min. read
The CAC 40 traded near flatline around 7,981 on Wednesday after posting modest losses in the previous session, as investors remained cautious amid persistent uncertainty surrounding a potential US-Iran peace agreement.
President Donald Trump warned that Washington could resume strikes on Iran within days if Tehran rejects US-backed peace terms.
With the conflict showing little sign of easing and elevated oil prices fueling inflation concerns, Emmanuel Moulin, governor candidate for France’s central bank, said the European Central Bank must remain ready to tighten monetary policy if price pressures intensify, while also considering the impact on economic growth.
On the corporate front, STMicroelectronics surged nearly 3% ahead of Nvidia’s earnings later in the day, as investors sought fresh cues on AI-driven momentum and global chip demand.
Elsewhere, Stellantis NV advanced 0.7% after the automaker announced plans for a joint venture with Dongfeng Motor Corporation.