The CAC 40 Index Closes 0.03% Higher

The CAC 40 Index went up by 3 points or 0.03 percent on Wednesday to close at 8669 points. The rise was led by Edenred (2.41%), Publicis (2.35%) and Accor (1.70%). On the downside, the weakerst performers were Orange (-3.13%), STMicroelectronics (-2.55%) and Michelin (-2.08%).

The CAC 40 edged up to a record close of 8,669 on Wednesday as investors welcomed progress in US-Iran talks, improving global risk sentiment. US President Donald Trump struck an optimistic tone, saying negotiations with Tehran were "moving along very nicely." Oil prices fell on reports that the US, Iran, and Oman were close to a 60-day interim agreement to reopen the Strait of Hormuz without tolls. Financial stocks were mostly higher, with Societe Generale up 1%. Industrials also advanced, led by Safran (+0.6%), Airbus (+0.4%), Air Liquide (+0.9%), and EssilorLuxottica (+0.6%). Meanwhile, French industrial production rose 0.1% in June, below forecasts of a 0.3% increase but rebounding from a 0.1% decline in May. In contrast, luxury stocks weighed on the index, with LVMH (-1.1%) and Hermès (-0.6%) lower, while TotalEnergies fell 0.6% on weaker oil prices.

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.