The CAC 40 Index Opens 0.71% Higher

The CAC 40 rose 0.9% to 8,721 on Thursday, extending its winning streak to six consecutive sessions and reaching a new record high as investors continued to welcome a fresh round of corporate earnings and developments in US-Iran diplomatic efforts. Market sentiment improved after Iran said it had reached an agreement with Oman on a proposed shipping route through the Strait of Hormuz, fueling expectations that the critical waterway could eventually reopen. Luxury stocks led the advance, with LVMH rising 1.2%, Hermès gaining 3.9%, and Kering adding 2.5%. Other notable gainers included L'Oréal (2.1%), AXA (1.1%), EssilorLuxottica (2.2%), and Publicis Groupe (3.5%). On the economic front, the Construction PMI rose to a five-month high of 41.5 in July 2026 from 38.2 in the previous month. Meanwhile, private-sector payroll employment fell by 0.1% quarter-on-quarter, or 19,300 jobs, to 21 million in the second quarter, in line with expectations and unchanged from the previous quarter.

The CAC 40 Index is gaining 62 points or 0.71 percent on Thursday. Leading the gains are Hermes International (3.72%), Publicis (3.23%) and Kering (2.51%). Top losers are Schneider Electric (-1.18%), STMicroelectronics (-0.91%) and TP (-0.54%).

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%).