The CAC 40 increased by 0.3% to 8,179 on Thursday, recovering from a near three-month low observed in the prior session as investors anticipated the European Central Bank’s interest rate decision later that day. Even if it is widely anticipated that the ECB would raise interest rates by 25 basis points, investors are nonetheless interested in the direction that policymakers will take monetary policy going forward.

Risk sentiment also remained fragile as oil prices stayed elevated following Iran’s indication of a willingness for a more intense conflict, while US President Donald Trump stated that the war was unlikely to conclude before the November midterm elections.

Among individual stocks, L’Oréal experienced a decline of 0.3%, Dassault Systèmes fell by 1.1%, and Pernod Ricard decreased by 1.0%, contributing significantly to the downward pressure on the index. In contrast, TotalEnergies experienced a gain of 0.6%, achieving its highest level since May, as elevated crude prices continued to bolster energy shares.