CAC 40 has reached a two-month peak

CAC 40 Futures

The French stock market’s benchmark index CAC 40 experienced an upward movement on Tuesday, building on recent gains and responding favourably to the news regarding the U.S.-Iran peace agreement. Investors are anticipating the upcoming monetary policy announcements from the Federal Reserve and the Bank of England, scheduled for Wednesday and Thursday, respectively.

The CAC 40, which reached a new two-month high of 8,457.06 earlier in the session, was up 48.70 points or 0.58% at 8,432.71 recently.

  • Schneider Electric experienced an increase of 3.1%. Legrand, Safran, and Capgemini experienced increases of 1.7% to 2.1%, whereas Thales, Publicis Groupe, Societe Generale, Dassault Systemes, Airbus, Credit Agricole, BNP Paribas, and Hermes International saw gains ranging from 1.2% to 1.6%.
  • LVMH, Air Liquide, TotalEnergies, AXA, Euronext, Veolia Environment, Sanofi, Vinci, Kering, and Eurofins Scientific recorded slight increases.
  • STMicroelectronics experienced a decline of 2% following the announcement of its intention to issue $1.5 billion in convertible bonds while also planning to redeem $750 million of its outstanding convertible bonds that are due in 2027.
  • Renault experienced a decline of approximately 2.7%.
  • Stellantis, ArcelorMittal, Unibail Rodamco, and Saint Gobain experienced a decline ranging from 0.4% to 0.7%.