CAC 40 Rises as Bond Yields Ease

2026-06-02 16:20 By Isabela Couto 1 min. read

The CAC 40 rose 0.8% to close at 8,209 on Tuesday, as easing bond yields supported risk appetite.

Financial stocks rose, with BNP Paribas up 2%.

Industrial and technology shares also advanced, with Schneider Electric gaining 4% and STMicroelectronics surging 15.1% after raising revenue targets for its data-center business, highlighting strong AI-driven demand.

Luxury stocks moved higher as signs emerged that Chinese demand is stabilizing and LVMH intensified its focus on the US market.

LVMH rose 1.1%, while Kering gained 2.7%.

Meanwhile, investors monitored developments in the Middle East after Iran suspended indirect talks with Washington over Israel's military operations in Lebanon, although President Trump maintained that negotiations were still ongoing.

On the data front, Eurozone's preliminary inflation data showed the headline rate rose to 3.2% as expected, while the core inflation rose slightly more than expected to 2.5%, consolidating bets of a rate hike by the ECB next week.



News Stream
CAC 40 Rises as Bond Yields Ease
The CAC 40 rose 0.8% to close at 8,209 on Tuesday, as easing bond yields supported risk appetite. Financial stocks rose, with BNP Paribas up 2%. Industrial and technology shares also advanced, with Schneider Electric gaining 4% and STMicroelectronics surging 15.1% after raising revenue targets for its data-center business, highlighting strong AI-driven demand. Luxury stocks moved higher as signs emerged that Chinese demand is stabilizing and LVMH intensified its focus on the US market. LVMH rose 1.1%, while Kering gained 2.7%. Meanwhile, investors monitored developments in the Middle East after Iran suspended indirect talks with Washington over Israel's military operations in Lebanon, although President Trump maintained that negotiations were still ongoing. On the data front, Eurozone's preliminary inflation data showed the headline rate rose to 3.2% as expected, while the core inflation rose slightly more than expected to 2.5%, consolidating bets of a rate hike by the ECB next week.
2026-06-02
The CAC 40 Index Closes 0.77% Higher
The CAC 40 Index rose 63 points or 0.77 percent on Tuesday to close at 8209 points. Leading the gains are STMicroelectronics (15.93%), Danone (4.37%) and Schneider Electric (4.13%). Top losers were Capgemini (-7.61%), Dassault Systemes (-4.10%) and Carrefour (-2.75%).
2026-06-02
French Stocks Rebound
The CAC 40 climbed 1% to 8,228 on Tuesday, rebounding from the previous session's losses, supported by gains in luxury stocks while investors weighed lingering uncertainty surrounding US-Iran ceasefire efforts. LVMH climbed 1.6%, Hermès added 1.5%, and Kering gained 1.4% amid growing indications that Chinese luxury demand is stabilizing and as LVMH intensified its focus on the US. Elsewhere, STMicroelectronics surged 9.8% to its highest level since September 2000 after raising revenue targets for its data-center business, underscoring strong AI-driven demand. Meanwhile, investors closely watched developments in the Middle East after Iran suspended indirect talks with Washington over Israel's military operations in Lebanon, while President Trump insisted negotiations remained ongoing. Attention also turned to flash estimates of Euro Area inflation, with the headline inflation rate expected to edge up to 3.2% in May and core inflation forecasted to tick higher to 2.4%.
2026-06-02