The CAC 40 Index Opens 0.66% Higher

The CAC 40 rose 0.7% to 8,538 on Tuesday, rebounding from the previous session and reaching its highest level since late February, supported by strong gains in heavyweight luxury stocks. Both LVMH and Hermès gained 1.3%, while Kering added 1.4% after JPMorgan highlighted encouraging Q2 industry indicators, citing resilient consumer demand and solid sales trends across Japan's duty-free shops, retailers, and department stores. While American, Korean, and Japanese consumers continue to show resilient buying, Chinese spending continues to lag. In contrast, semiconductor heavyweight STMicroelectronics tumbled 4.4%, mirroring renewed selling pressure across the broader technology sector. On the economic front, France's trade deficit widened to €6.9 billion in May from €5.4 billion in April, worse than market expectations of €5.2 billion shortfall. The gap was the largest since April 2025, as exports fell 2% month-over-month to €53.6 billion, while imports increased 0.7% to €60.5 billion.

The CAC 40 Index is up by 56 points or 0.66 percent on Tuesday. Top gainers are Pernod Ricard (3.68%), Carrefour (3.63%) and Renault (3.40%). Biggest losses came from STMicroelectronics (-4.95%), Schneider Electric (-1.11%) and Safran (-0.48%).

The CAC 40 fell 0.3% to close at 8,480 on Monday, weighed down by losses in the luxury and pharmaceutical sectors. Luxury stocks underperformed, with LVMH down 0.9%, L'Oréal losing 1.2%, and Hermès retreating 0.9%. In healthcare, Sanofi fell 1.7%. Industrials traded mixed, with Schneider Electric down 0.6% and Air Liquide losing 1.5%, while Airbus rose 1.6%, Stellantis gained 2%, and Thales advanced 1.2% after agreeing to acquire a stake in Exail Technologies. Vinci fell 2.1% after France's construction PMI declined to 38.2 in June from 39.6 in May, remaining deep in contraction territory and signaling that the sector has now been shrinking for four consecutive years. Meanwhile, financial stocks outperformed as lower oil prices eased inflation concerns and reinforced expectations of a more dovish ECB, with BNP Paribas up 0.9% and AXA gaining 1%.