The CAC 40 Index Opens 0.77% Higher

The CAC 40 rose 0.8% to 7,791 on Friday, recovering from two consecutive sessions of losses as geopolitical concerns subsided after President Donald Trump dismissed the prospect of a US strike on Iran ahead of the midterm elections. Trump also said Washington was “having productive discussions” with Tehran, pushing oil prices lower and easing pressure on bond yields. Adding to the positive sentiment, markets pared back expectations for ECB rate hikes, with money markets pricing in the deposit rate rising from 2.50% currently to 2.72% by December and 3.20% by late 2027. Domestically, French markets have faced mounting pressure as investors weigh the country’s debt burden, fiscal deficit and political uncertainty ahead of the 2027 presidential election. Among the notable gainers were L’Oréal (1.3%), Schneider Electric (1.4%), Hermès (2.1%) and Safran (1.2%). For the week, the CAC 40 remained on track to post its second consecutive weekly decline.

The CAC 40 Index is gaining 59 points or 0.77 percent on Friday. Leading the gains are ArcelorMittal (3.61%), Capgemini (3.11%) and Bureau Veritas (3.06%). Top losers are Orange (-2.20%), STMicroelectronics (-2.13%) and TotalEnergies SE (-0.55%).

The CAC 40 Index decreased 34 points or 0.44 percent on Thursday to close at 7735 points. The decline was led by STMicroelectronics (-3.60%), Stellantis NV (-3.45%) and Unibail Rodamco (-3.22%). On the upside, the strongest performers were TotalEnergies SE (2.82%), Schneider Electric (2.48%) and Carrefour (1.22%).