CAC 40 Rises as Investors Focus on ECB Forum

2026-06-30 15:55 By Isabela Couto 1 min. read

The CAC 40 rose 0.4% to close at 8,404 on Tuesday as investors followed developments at the ECB’s Sintra Forum.

Policymakers welcomed the recent decline in oil prices but warned that energy costs remain elevated and could continue to feed inflationary pressures.

After raising interest rates last month, the ECB is weighing whether further tightening will be needed in the coming months, even as prospects for US-Iran diplomacy have weighed on oil prices.

ECB President Lagarde said the ECB is again in a position to rely mainly on interest rates to guide inflation and preserve price stability.

Meanwhile, France’s preliminary annual inflation eased to 1.8% in June from 2.4% in May, while the harmonised rate slowed to 2.0%, in line with the ECB’s target.

Financial stocks posted gains, with BNP Paribas up 1.5%.

Industrials also advanced, including Airbus (+1.5%), Safran (+2.5%), and Schneider Electric (+2.6%).

Luxury stocks fell, Kering plunged 6.9% on cautious rating upgrades from brokerages.



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The CAC 40 rose 0.4% to close at 8,404 on Tuesday as investors followed developments at the ECB’s Sintra Forum. Policymakers welcomed the recent decline in oil prices but warned that energy costs remain elevated and could continue to feed inflationary pressures. After raising interest rates last month, the ECB is weighing whether further tightening will be needed in the coming months, even as prospects for US-Iran diplomacy have weighed on oil prices. ECB President Lagarde said the ECB is again in a position to rely mainly on interest rates to guide inflation and preserve price stability. Meanwhile, France’s preliminary annual inflation eased to 1.8% in June from 2.4% in May, while the harmonised rate slowed to 2.0%, in line with the ECB’s target. Financial stocks posted gains, with BNP Paribas up 1.5%. Industrials also advanced, including Airbus (+1.5%), Safran (+2.5%), and Schneider Electric (+2.6%). Luxury stocks fell, Kering plunged 6.9% on cautious rating upgrades from brokerages.
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