The CAC 40 Index Opens 0.47% Higher

The CAC 40 rose 0.5% to 8,374 on Thursday, rebounding from the previous session as easing inflation concerns and developments in the Middle East boosted market sentiment. During the ECB Forum, Fed Chair Kevin Warsh said inflation risks had moderated in recent weeks, while ECB President Christine Lagarde noted that risks to euro-area inflation and growth had become less pronounced. Additional support came from reports of "positive progress" in indirect US-Iran technical talks held in Doha. Domestically, France's state budget deficit narrowed to EUR 93.3 billion in the January–May period from EUR 94.0 billion a year earlier, as general budget revenues rose 6.0% year-on-year while expenditures increased 3.5%. Luxury stocks led the advance, with LVMH (1.4%), Kering (1.7%), and Hermes (0.4%) among the top gainers. Elsewhere, Sodexo jumped nearly 7% to its highest level since October 2025 after reporting solid Q3 results and raising its FY organic revenue growth forecast.

The CAC 40 Index is gaining 39 points or 0.47 percent on Thursday. Leading the gains are Sanofi (1.52%), Essilor (1.39%) and Credit Agricole (1.12%). Top losers are Schneider Electric (-2.04%) and TP (-1.57%).

The CAC 40 fell 0.8% to close at 8,337 on Wednesday as investors paused after strong gains over the previous three-month period and monitored developments at the ECB Forum. Governing Council member Martinš Kazaks signaled there was no urgency for the ECB to raise interest rates in July, noting that easing oil prices linked to peace efforts in the Middle East had helped reduce inflation pressures. Meanwhile, the US and Iran held indirect technical talks in Doha aimed at securing shipping flows through the Strait of Hormuz and reaching a lasting ceasefire. Luxury stocks traded lower, with L'Oréal down 0.9%. Schneider Electric fell 3.1% after agreeing to acquire Cognite. TotalEnergies lost 3.1% as oil prices remained near pre-conflict lows. Air Liquide rose 1.7% after announcing a $170 million investment in the US to supply ultra-pure gases to SK Hynix. Airbus added 1.9% after Scandinavian Airlines placed an order for up to 40 widebody aircraft.