French Stocks Rebound on Ceasefire Hopes
2026-06-04 07:58
By
Czyrill Jean Coloma
1 min. read
The CAC 40 rose 0.7% to 8,203 on Thursday, rebounding from the previous session as investor sentiment improved following news that Israel and Lebanon had agreed to implement a ceasefire.
The deal remains conditional on a complete cessation of Hezbollah attacks and the withdrawal of its operatives south of the Litani River.
Additional support came from comments by President Donald Trump, who said talks with Iran were progressing “very well” and could produce results as soon as this weekend, despite denials from Tehran.
Domestically, the Construction PMI rose to 39.6 in May from 38.1 in April, when construction activity recorded its steepest contraction since September 2024.
Luxury stocks were among the strongest performers, particularly LVMH (1.7%), Hermès (1.6%), and Kering (1.7%).
Aerospace and defense names also advanced, with Airbus rising 1.1% and Safran adding 0.9%.