The CAC 40 Index Opens 0.24% Higher

The CAC 40 rose 0.2% to 8,481 on Friday and was on track for a fifth consecutive week of gains, despite a setback in diplomatic efforts after scheduled US-Iran negotiations in Switzerland were called off. The cancellation came amid the most intense exchange of hostilities between Israel and Hezbollah since the ceasefire was reached, clouding prospects for a broader peace accord and stoking concerns over the reopening of the Strait of Hormuz. Investors also digested a busy week of central bank decisions, including Federal Reserve Chair Kevin Warsh's first policy meeting. On the corporate front, TotalEnergies advanced 0.8% after stating that it could sell its 20% stake in Yamal LNG if it is prohibited from marketing Russian LNG outside the EU. Other notable gainers included LVMH (1.9%), Safran (1.1%), and Sanofi (1.5%). In contrast, decliners included L'Oréal (-0.9%), EssilorLuxottica (-1.1%), and Engie (-1.0%).

The CAC 40 Index is up by 21 points or 0.24 percent on Friday. Top gainers are Renault (2.07%), Sanofi (1.92%) and LVMH (1.80%). Biggest losses came from Edenred (-2.68%), Unibail Rodamco (-0.92%) and L'Oréal (-0.83%).

The CAC 40 Index gained 39 points or 0.46 percent on Thursday to close at 8470 points. Gains were led by Edenred (17.17%), Kering (4.42%) and Legrand (4.14%). Biggest losers were Capgemini (-8.87%), Carrefour (-6.17%) and ArcelorMittal (-3.39%).