French Stocks Gain Despite ECB Rate Hike

2026-06-11 15:49 By Isabela Couto 1 min. read

The CAC 40 gained 0.5% to close at 8,201 on Thursday as investors largely shrugged off developments in the Middle East and the ECB’s latest policy decision.

President Trump threatened additional strikes on Iran and warned that the US could target the country's energy infrastructure.

Meanwhile, the ECB raised interest rates by 25bps, while revising inflation forecasts higher and lowering growth projections.

However, both moves had been widely anticipated by markets.

Technology stocks led gains, supported by a global rebound in semiconductor shares following recent weakness in the sector.

STMicroelectronics jumped 5.8%.

Elsewhere, TotalEnergies added 1.1% amid uncertainty over the normalization of global oil supplies.

Defense-related stocks also outperformed, with Safran gaining 1.2% and Thales rising 1.6%.

LVMH provided further support, advancing 1.1%.



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2026-06-11
French Stocks Gain Despite ECB Rate Hike
The CAC 40 gained 0.5% to close at 8,201 on Thursday as investors largely shrugged off developments in the Middle East and the ECB’s latest policy decision. President Trump threatened additional strikes on Iran and warned that the US could target the country's energy infrastructure. Meanwhile, the ECB raised interest rates by 25bps, while revising inflation forecasts higher and lowering growth projections. However, both moves had been widely anticipated by markets. Technology stocks led gains, supported by a global rebound in semiconductor shares following recent weakness in the sector. STMicroelectronics jumped 5.8%. Elsewhere, TotalEnergies added 1.1% amid uncertainty over the normalization of global oil supplies. Defense-related stocks also outperformed, with Safran gaining 1.2% and Thales rising 1.6%. LVMH provided further support, advancing 1.1%.
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French Stocks Rebound on ECB Focus
The CAC 40 rose 0.6% to 8,210 on Thursday, rebounding from the previous session, as investors turned their attention to the European Central Bank's policy decision due later today. The central bank is anticipated to deliver a 25 bps hike, marking its first interest rate increase since 2023. Policymakers seek to contain inflationary pressures exacerbated by surging energy costs linked to the conflict involving Iran. Markets will also closely scrutinize the ECB's signals on the future path of monetary policy. Geopolitical risks remained elevated in the Middle East after the US military struck multiple targets in Iran for a second straight day. President Trump accused Tehran of delaying negotiations over an interim peace deal and warned of further military action if no agreement is reached. Luxury stocks led gains, with LVMH up 1% and Hermès rising 0.9%. Other notable performers included TotalEnergies (1.1%), STMicroelectronics (2.6%), and Société Générale (1.2%).
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