CAC 40 Rises on Luxury Stocks Gains

2026-05-27 15:53 By Isabela Couto 1 min. read

The CAC 40 rose 0.4% to close at 8,208 on Wednesday, rebounding from the previous session as investors grew cautiously optimistic that the US and Iran could still secure a diplomatic agreement.

An unofficial draft of a US-Iran interim peace deal stated that maritime traffic through the Strait of Hormuz could return to normal within a month after the agreement is finalized, although it remains unclear whether the US has accepted the terms.

Meanwhile, François Villeroy de Galhau said the ECB “will do what is necessary” to bring inflation back to its 2% target as the Middle East conflict clouded the economic outlook.

Luxury stocks led gains, with LVMH rising 3.1%, L'Oréal gaining 4.6%, Hermès adding 2.3%, and Kering advancing 4.4%.

Automakers also moved higher, with Stellantis up 3.8% and Renault gaining 4.3% after peer Volvo Cars received approval from US authorities to continue operating in the US market.

TotalEnergies fell 3.6% as oil prices declined.



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CAC 40 Rises on Luxury Stocks Gains
The CAC 40 rose 0.4% to close at 8,208 on Wednesday, rebounding from the previous session as investors grew cautiously optimistic that the US and Iran could still secure a diplomatic agreement. An unofficial draft of a US-Iran interim peace deal stated that maritime traffic through the Strait of Hormuz could return to normal within a month after the agreement is finalized, although it remains unclear whether the US has accepted the terms. Meanwhile, François Villeroy de Galhau said the ECB “will do what is necessary” to bring inflation back to its 2% target as the Middle East conflict clouded the economic outlook. Luxury stocks led gains, with LVMH rising 3.1%, L'Oréal gaining 4.6%, Hermès adding 2.3%, and Kering advancing 4.4%. Automakers also moved higher, with Stellantis up 3.8% and Renault gaining 4.3% after peer Volvo Cars received approval from US authorities to continue operating in the US market. TotalEnergies fell 3.6% as oil prices declined.
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