CAC 40 Edges Up on US-Iran Diplomatic Hopes

2026-07-10 16:09 By Isabela Couto 1 min. read

The CAC 40 rose 0.1% to close at 8,339 on Friday on signs that diplomatic efforts between the US and Iran remain on track despite recent tensions and softer inflation.

US President Trump said Iran had requested to continue talks and that the US had agreed, although he reiterated that the June ceasefire was "over." Oil prices slipped, easing energy-driven inflation concerns.

Domestically, annual inflation eased to 1.8% in June from a more than two-year high of 2.4% in May, confirming preliminary estimates and reinforcing expectations that price pressures are moderating.

Bond yields moved lower.

Financials posted gains, with BNP Paribas up 0.9% and Societe Generale adding 1.4%.

Luxury stocks traded mixed, with Hermes rising 1% and L'Oreal gaining 0.4%, while LVMH shed 0.6%.

Meanwhile, most industrial stocks declined, with Safran down 1.1% and Thales losing 1.5%.

TotalEnergies also fell 0.6% as oil prices pulled back.



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