French equities are experiencing gains on Thursday, propelling the benchmark CAC 40 to an eight-month high, as sentiment remains robust following the French government’s successful navigation of no-confidence votes. The benchmark CAC 40 increased by 55.75 points, reflecting a rise of 0.69%, reaching a level of 8,132.75.

France’s reappointed Prime Minister Sébastien Lecornu successfully navigated a series of no-confidence votes in the National Assembly today. His narrow victory is attributed to sufficient backing from moderates, thereby preventing a second governmental collapse within a fortnight. Lecornu’s proposal to halt a contentious pension reform has influenced the opposition Socialists, providing his administration with a crucial opportunity in the highly divided legislature.

Pernod Ricard is experiencing an increase of 3.7%. Following a challenging first quarter, the French spirits manufacturer indicated an expectation for sales to enhance in fiscal year 2026. In the first quarter, Pernod Ricard reported sales amounting to EUR 2.384 billion, a decline from EUR 2.783 billion during the corresponding period of the previous year. EssilorLuxottica is experiencing an increase of 2.3%, whereas Michelin, Edenred, Thales, and Renault are seeing gains ranging from 1.6% to 1.8%.

Legrand, Societe Generale, Schneider Electric, Sanofi, Safran, STMicroElectronics, Publicis Groupe, and Stellantis have experienced an increase ranging from 1% to 1.2%. Kering is experiencing a decline of approximately 1.6%. Bouygues, Euronext, and Hermes International have experienced declines ranging from 0.4% to 0.8%. ArcelorMittal has experienced a slight decline.