French Stocks Set for 5th Weekly Gain
2026-06-19 07:49
By
Czyrill Jean Coloma
1 min. read
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%).