The CAC 40 increased by 0.4% to 8,118 on Wednesday, recovering from a nearly four-month low reached in the prior session, as declining oil prices and reduced bond yields provided support for equities. Markets are currently anticipating the Federal Reserve’s monetary policy decision later today. Traders are pricing in approximately a 93% probability of a 25 basis points increase and are seeking direction regarding the future policy outlook.

Citing ongoing inflationary pressures associated with the Middle East crisis, the European Central Bank recently boosted its benchmark interest rates by 25 basis points at its September meeting, cautioning that inflation is anticipated to stay above its 2% target for a considerable amount of time.

Notable gainers included Schneider Electric, which saw an increase of 1.3%, BNP Paribas with a rise of 1.1%, STMicroelectronics gaining 1.9%, and Legrand experiencing a 1.5% uptick. In contrast, L’Oréal experienced a decline of 1.2%, Hermès saw a decrease of 0.8%, and Danone also fell by 1.2%.