French Stocks Extend Gains
2026-06-25 07:43
By
Czyrill Jean Coloma
1 min. read
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%.