The CAC 40 Index Closes 0.46% Higher

The CAC 40 Index gained 38 points or 0.46 percent on Thursday to close at 8424 points. Gains were led by Accor (3.16%), Societe Generale (2.79%) and STMicroelectronics (2.40%). Biggest losers were Thales (-2.42%), Publicis (-1.31%) and Stellantis NV (-1.29%).

The CAC 40 rose 0.6% to close at 8,432 on Thursday as oil prices remained near pre-conflict levels and optimism over AI-driven growth prospects returned. Growing confidence in a lasting US-Iran agreement encouraged more tankers to transit the Strait of Hormuz, keeping oil prices low and easing inflation concerns. Financial stocks posted gains, with BNP Paribas up 1.5%, AXA advancing 0.7%, and Societe Generale gaining 2.8%. Meanwhile, STMicroelectronics rose 2.7% after Micron reported strong quarterly results and issued an upbeat revenue outlook, pointing to sustained AI-related demand and helping revive appetite for technology stocks after the recent global selloff. Industrial stocks traded mixed, with Safran up 1.6%, while Thales fell 3.1% on progress toward a US-Iran ceasefire. Luxury stocks were also mixed, with LVMH and L'Oréal edging higher, while Hermès lost 0.9%.

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%.