French Stocks Rebound

2026-07-02 07:57 By Czyrill Jean Coloma 1 min. read

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.



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French Stocks Rebound
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.
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