The CAC 40 Index Opens Unchanged

The CAC 40 traded flat around 8,139 on Tuesday, following gains in the previous session as investors focused on a busy diplomatic agenda. US President Donald Trump is set to address the United Nations General Assembly later today, while signaling openness to a meeting with Iranian President Masoud Pezeshkian. Elsewhere, investors are also looking ahead to the September 23–25 visit of Chinese President Xi Jinping to the US, with his summit with Trump expected to cover AI, trade, export controls and rare-earth supplies. Among individual stocks, L’Oréal gained 0.5%, while TotalEnergies, Air Liquide and ENGIE rose 1.0%, 1.1% and 1.1%, respectively. STMicroelectronics also climbed 1.2%, tracking overnight gains in US technology stocks amid optimism over Meta Platforms’ latest AI agent. Banking stocks lagged, with BNP Paribas down 0.8%, Crédit Agricole falling 0.7% and Société Générale losing 1.2%.

The CAC 40 Index is up by 0.3 points or 0.00 percent on Tuesday. Top gainers are Bureau Veritas (1.66%), STMicroelectronics (1.57%) and ENGIE (1.33%). Biggest losses came from AXA (-1.63%), Renault (-1.33%) and Societe Generale (-1.10%).

The CAC 40 rose 0.9% to 8,139 on Monday, recovering from losses the previous week as the continued decline in oil prices eased concerns over inflationary pressures. Energy-driven inflation fears eased amid renewed efforts to reduce tensions in the Middle East and reopen the Strait of Hormuz, after Tehran conveyed conditions to the US through diplomatic mediators for ending the war. Global bond yields moved lower. Banking stocks posted gains, with Societe Generale up 1.8%. Luxury stocks also advanced amid lower risk aversion, with L’Oreal rising 2.1% and Hermes up 0.9%. Industrial stocks were mostly higher, with Safran rising 2.4% and Air Liquide up 1.3%. Schneider Electric jumped 3.2% and STMicroelectronics added 2.7% as US chipmakers posted sharp gains. In contrast, TotalEnergies lost 1% on the oil pullback.