French Stocks Hit Fresh Record High
2026-08-05 07:40
By
Czyrill Jean Coloma
1 min. read
The CAC 40 edged up 0.1% to 8,674 on Wednesday, setting a fresh record high as investors welcomed progress in US-Iran talks that improved the global risk backdrop.
Qatar said mediation efforts had reached an advanced stage, with a draft deal already prepared.
The US also expressed increasing confidence that an agreement could be finalized soon, raising hopes for the reopening of the Strait of Hormuz.
Domestically, industrial output rose 0.1% month-on-month in June, falling short of forecasts for a 0.3% increase but rebounding from a 0.1% decline in the previous month.
Industrial and cyclical stocks led the gains, with Airbus (0.9%), Safran (1.4%), Legrand (1.2%), and Stellantis (1.3%) among the top performers.
In contrast, luxury heavyweights weighed on the index, with LVMH (-1.1%), Hermès (-1.0%), and Kering (-0.4%) trading lower.