The French stock market experienced a significant uptick on Wednesday, buoyed by a decline in oil prices following U.S. President Donald Trump’s assertion that the conflict with Iran would conclude ‘very quickly.’ Brent crude futures experienced a decline, reaching a low of $108.50 per barrel before rebounding to $109.11, reflecting a decrease of nearly 2%. Investors processed the Euro zone inflation data while anticipating the upcoming earnings update from Nvidia.

The CAC 40 increased by 54.23 points, reflecting a rise of 0.68%, reaching a level of 8,035.99 approximately thirty minutes after midday.

• Euronext experienced an increase of more than 5%.
• STMicroelectronics experienced an increase of nearly 5%.
• ArcelorMittal experienced a gain of 3.5%, while Legrand saw an increase of 2.5%.
• Stellantis experienced an increase of nearly 1% before experiencing a slight decline. The automotive giant announced plans to establish a joint venture in Europe with Dongfeng Motor Group Co., Ltd aimed at the production of new energy vehicles.
• Schneider Electric, Sanofi, Safran, and TotalEnergies experienced an increase ranging from 1.3% to 1.7%.
• Societe Generale, Engie, Thales, Eiffage, Accor, Saint Gobain, and Air Liquide experienced an increase ranging from 0.6% to 1.1%.
• Capgemini experienced a decline of nearly 2%. Renault and Hermes International experienced declines of 1.6% and 1.4%, respectively.
• L’Oreal, AXA, BNP Paribas, Orange, Danone, and Publicis Groupe exhibited signs of vulnerability.

On the trade front, the European Union has secured a provisional agreement to eliminate import duties on U.S. goods, thereby maintaining its trajectory to fulfill Trump’s July 4 deadline and avert increased tariffs on European products. Final data indicated that Eurozone inflation accelerated in April, consistent with initial estimates, propelled by rising energy prices. The harmonized index of consumer prices recorded an annual rise of 3% in April, an increase from the 2.6% observed in March. The rate aligned with the estimate released on April 30.

Meanwhile, core inflation, which excludes the prices of energy, food, alcohol, and tobacco, eased to 2.2% in April, as anticipated, down from 2.3% in the preceding month. Among the primary components of HICP, energy experienced the most significant annual increase of 10.8%. This was followed by a 3% increase in service costs. Prices for food, alcohol, and tobacco increased by 2.4%, while non-energy industrial goods experienced a rise of 0.8%. In April, the HICP experienced a monthly increase of 1.0%, consistent with the preliminary estimate.