French Stocks Trade Flat
2026-06-17 07:52
By
Czyrill Jean Coloma
1 min. read
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%.