The CAC 40 Index Closes 1.77% Higher

The CAC 40 Index gained 148 points or 1.77 percent on Thursday to close at 8485 points. Gains were led by ArcelorMittal (6.34%), Carrefour (3.15%) and Thales (2.88%).

The CAC 40 rose 1.7% to close at 8,476 on Thursday, rebounding from the previous session as easing inflation concerns and prospects of a more dovish Federal Reserve boosted sentiment. At the ECB Forum, Fed Chair Kevin Warsh said inflation risks had moderated in recent weeks, while ECB President Lagarde noted that risks to euro-area inflation and growth had become less pronounced. A weaker-than-expected US labor market reading also reduced expectations of further Fed rate hikes this year, supporting broader risk appetite. Also, oil prices extended losses and remained near pre-conflict levels, easing energy-driven inflation concerns. Domestically, the state budget deficit narrowed in the January–May period. Luxury stocks led gains as risk aversion eased, with LVMH up 3.5%, Hermès advancing 3.3%, and L'Oréal gaining 2%. Industrials also posted strong gains, with Airbus up 2.9% and Thales adding 4.8%. Other notable performers included Sanofi (+3%), Air Liquide (+2.1%), and Engie (+2.3%).

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.