French stocks experienced an upward movement on Thursday, as sentiment improved after Israel and Lebanon reached an agreement to implement a ceasefire. Lower oil prices and remarks from U.S. President Donald Trump suggesting that U.S.-Iran discussions might yield a favourable result by this weekend also bolstered the optimistic sentiment in the market. Brent crude futures have declined to approximately $96 per barrel, reflecting a decrease of about 1.6%.
The benchmark CAC 40 increased by 67.65 points, reflecting a rise of 0.83%, reaching 8,218.07 shortly after noon.
- Capgemini experienced an increase of nearly 7%.
- Dassault Systemes experienced an increase of 5%, whereas Airbus, LVMH, EssilorLuxottica, Kering, Eurofins Scientific, Euronext, Sanofi, and Pernod Ricard saw gains ranging from 2.5% to 3.1%.
- Hermes International, Safran, and Renault experienced increases of 2.3%, 2.1%, and 2%, respectively.
- Publicis Groupe, Saint-Gobain, Thales, Vinci, Accor, L’Oreal, AXA, Eiffage, and Bouygues demonstrated notable advancements.
- STMicroelectronics experienced a decline of 5.2%.
- Vivendi experienced a decline of nearly 5%, following its unsuccessful challenge against EU antitrust regulators.
- Schneider Electric experienced a decline of approximately 1.1%, while Legrand, TotalEnergies, and ArcelorMittal saw slight decreases.
In economic news, the S&P Global Eurozone Construction PMI increased to 43.7 in May 2026 from 41.7 in April, a period during which the sector experienced its most significant contraction since August 2024. The S&P Global France Construction PMI increased to 39.6 in May 2026, up from 38.1 in April, indicating a modest enhancement in operational conditions. Data indicated that retail sales in the Eurozone experienced a greater-than-anticipated decline in April, decreasing by 0.4%.
This downturn was attributed to reductions in both non-food and auto fuel sales. Retail sales increased by 0.8% in March, while a decline of 0.3% was anticipated for April. On a yearly basis, retail sales growth moderated to 1% from 2.1% in March. Retail sales in the EU27 experienced a decline of 0.5% in April compared to the preceding month, while reflecting an increase of 0.9% year-over-year.