The CAC 40 Index Opens Unchanged

The CAC 40 traded flat around 8,450 on Wednesday as investors took a breather following recent gains driven by the US-Iran peace agreement. The deal is expected to be signed on Friday in Switzerland, paving the way for the reopening of the Strait of Hormuz and the end of hostilities. Meanwhile, with the Federal Reserve widely expected to leave interest rates unchanged, investors will closely scrutinize the central bank’s signals on the future path of monetary policy. On the corporate front, STMicroelectronics added 0.3% after announcing a $1.5 billion convertible bond sale, tapping buoyant investor sentiment toward AI-linked semiconductor stocks that has propelled its shares to nearly triple their value this year. Other gainers included luxury giant LVMH, which gained 0.8%, while Schneider Electric rose 1.1% and Legrand added 1.3%. On the downside, TotalEnergies fell 1.0%, Sanofi slipped 0.7%, and EssilorLuxottica declined 1.3%.

The CAC 40 Index is picking up 0.1 points or 0.00 percent on Wednesday. Gains are led by Legrand (1.87%), Schneider Electric (1.26%) and Safran (0.91%). Biggest losers are Orange (-2.88%), STMicroelectronics (-1.78%) and Stellantis NV (-1.71%).

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%).