The CAC 40 Index Opens 0.54% Higher

The CAC 40 rose 0.2% to 8,451 on Thursday, rebounding from the previous session as investor sentiment improved following reports that the US and Iran had signed an interim peace agreement. The deal reportedly includes the reopening of the Strait of Hormuz, a $300 billion (£224 billion) reconstruction program for Iran, and the removal of all US sanctions, easing concerns over geopolitical tensions and global energy supplies. Meanwhile, investors continued to weigh hawkish signals from Fed Chair Kevin Warsh, who hinted that higher interest rates may be needed to rein in inflation after the Federal Reserve's recent decision to leave rates unchanged. On the corporate front, Schneider Electric gained 2.9% to a record high after the company announced a partnership with GIZ Egypt aimed at expanding the global ClimAccelerator program in the country. Other notable gainers included Airbus (2.7%), Safran (1.9%), and Legrand (3.6%).

The CAC 40 Index is gaining 46 points or 0.54 percent on Thursday. Leading the gains are Edenred (14.36%), Legrand (3.55%) and Airbus (2.76%). Top losers are Carrefour (-5.17%), TP (-1.33%) and Pernod Ricard (-1.31%).

The CAC 40 Index decreased 16 points or 0.20 percent on Wednesday to close at 8431 points. The decline was led by Essilor (-4.32%), Orange (-3.23%) and Stellantis NV (-3.21%). On the upside, the strongest performers were Legrand (4.33%), TP (2.48%) and Schneider Electric (1.97%).