The CAC 40 Index Opens 0.08% Higher

The CAC 40 rose modestly to around 8,393 on Thursday, extending gains from the previous session as optimism over AI-driven growth prospects persisted. Investor confidence was boosted after Micron Technology posted solid quarterly results and an upbeat revenue outlook, reinforcing expectations of sustained AI-driven demand and helping revive appetite for technology stocks following the recent global selloff. Market sentiment also benefited from progress on the US-Iran ceasefire, as oil flows through the Strait of Hormuz increased, easing concerns over potential supply disruptions. Domestically, France's consumer confidence indicator rose to 84 in June from a more than three-year low of 82 in May, slightly surpassing market expectations of 83. Among individual stocks, gains were led by L'Oréal (1%), Schneider Electric (0.9%), ENGIE (1.1%), and STMicroelectronics (4.3%). On the downside, LVMH fell 1%, Hermès lost 0.7%, Airbus declined 0.5%, and Sanofi dropped 1.1%.

The CAC 40 Index is gaining 7 points or 0.08 percent on Thursday. Leading the gains are STMicroelectronics (3.97%), ENGIE (0.91%) and L'Oréal (0.88%). Top losers are Thales (-2.71%), Publicis (-1.49%) and Essilor (-1.48%).

The CAC 40 Index went up by 45 points or 0.54 percent on Wednesday to close at 8385 points. The rise was led by Saint-Gobain (3.31%), L'Oréal (3.05%) and Danone (2.84%). On the downside, the weakerst performers were TP (-4.85%), ArcelorMittal (-2.90%) and TotalEnergies SE (-1.96%).