The CAC 40 Index Opens 0.09% Higher

The CAC 40 was little changed at 8,177 on Monday as investors remained uncertain about a potential agreement between the United States and Iran. The two sides continued to disagree over key issues, including the fate of Iran's highly enriched uranium stockpile and the reopening of the Strait of Hormuz. Investors also assessed the outlook for the French economy after the Bank of France indicated it would lower its growth forecasts later this month following a weak start to the year and persistent geopolitical uncertainties linked to the conflict in the Middle East. The central bank had already cut its growth projection in March and currently expects the economy to expand by 0.9% this year. The IMF also downgraded its forecast for France's economic growth to 0.7% from 0.9%. Top performers included TotalEnergies (1.3%), Schneider Electric (2.4%), and STMicroelectronics (1.9%). In contrast, notable laggards included Safran (-1.3%), Sanofi (-1.1%), and Vinci (-1.1%).

The CAC 40 Index is gaining 8 points or 0.09 percent on Monday. Leading the gains are Schneider Electric (2.91%), Capgemini (2.31%) and STMicroelectronics (2.07%). Top losers are Accor (-2.85%), Thales (-1.71%) and Societe Generale (-1.66%).

The CAC 40 Index rose 38 points or 0.46 percent on Friday to close at 8227 points. Leading the gains are TP (4.53%), Societe Generale (2.27%) and Kering (2.03%). Top losers were Air Liquide (-2.15%), Stellantis NV (-2.08%) and Sanofi (-1.61%).