CAC 40 Gains for Fourth Straight Session

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

The CAC 40 gained 0.7% to close at 8,447 on Tuesday, extending gains for a fourth straight session and reaching its highest level in two months amid optimism over a preliminary US-Iran deal.

President Donald Trump said at the G7 summit that negotiations with Iran had entered a second stage.

Oil prices slid as markets weighed the prospect of renewed supplies, easing concerns about energy-driven inflation and reducing fears of a hawkish shift by central banks.

Lower bond yields supported financial stocks and the broader market, with BNP Paribas advancing 1.3% and Crédit Agricole gaining 1.8%.

Luxury shares benefited from improved risk sentiment, with LVMH rising 1.5% and Hermès adding 2.2%.

Industrial stocks also posted gains, with Safran up 2.4% and Schneider Electric advancing 2.5%.

In contrast, STMicroelectronics fell 4% after announcing plans to issue $1.5 billion in convertible bonds.



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The CAC 40 Index Closes 0.75% Higher
The CAC 40 Index rose 63 points or 0.75 percent on Tuesday to close at 8447 points. Leading the gains are Publicis (2.65%), Safran (2.35%) and Schneider Electric (2.27%). Top losers were STMicroelectronics (-4.74%), Renault (-3.07%) and Edenred (-2.80%).
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CAC 40 Gains for Fourth Straight Session
The CAC 40 gained 0.7% to close at 8,447 on Tuesday, extending gains for a fourth straight session and reaching its highest level in two months amid optimism over a preliminary US-Iran deal. President Donald Trump said at the G7 summit that negotiations with Iran had entered a second stage. Oil prices slid as markets weighed the prospect of renewed supplies, easing concerns about energy-driven inflation and reducing fears of a hawkish shift by central banks. Lower bond yields supported financial stocks and the broader market, with BNP Paribas advancing 1.3% and Crédit Agricole gaining 1.8%. Luxury shares benefited from improved risk sentiment, with LVMH rising 1.5% and Hermès adding 2.2%. Industrial stocks also posted gains, with Safran up 2.4% and Schneider Electric advancing 2.5%. In contrast, STMicroelectronics fell 4% after announcing plans to issue $1.5 billion in convertible bonds.
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French Stocks Hit 2-Month High
The CAC 40 rose 0.3% to 8,407 on Tuesday, extending gains for a fourth straight session and reaching its highest level in two months, as investors awaited further details on a proposed US-Iran peace agreement. According to US officials, the agreement has been electronically endorsed by Trump, Vance, and Iranian parliamentary speaker Mohammad Bagher Ghalibaf, while the Strait of Hormuz is expected to reopen on Friday, when the deal is scheduled to be formally signed in Geneva. The developments came as Trump attended the G7 summit in France, where Iran was high on the agenda. In Europe, investors also looked ahead to monetary policy decisions from several major central banks this week, particularly those in the UK, Switzerland, Norway, Sweden, and Russia. Financial stocks were among the gainers, including BNP Paribas (1.0%), Crédit Agricole (0.7%), and Société Générale (1.1%). Other advancers included Schneider Electric (1.8%), Airbus (1.0%), and Safran (1.6%).
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