France’s equity benchmark CAC 40 advanced on Monday as stocks strengthened amid a slight alleviation of inflation concerns following a significant drop in oil prices, fuelled by optimism for diplomatic progress to mitigate tensions in the Middle East. Prior to a pivotal meeting between Gulf-state leaders and U.S. President Trump on the fringes of the UN General Assembly, Trump threatened Iran with economic collapse or the eradication of its leadership if it failed to reach an agreement.
Trump suggested the possibility of a meeting with Iranian President Masoud Pezeshkian in New York, stating that significant developments could occur soon and that he is currently in a “deciding mode” regarding military action, ongoing economic pressure, or a potential agreement. Brent crude futures declined to 101.19, experiencing a decrease of over 2.5%. The CAC 40 increased by 79.06 points, reflecting a rise of 0.98%, reaching 8,144.08 shortly after noon.
- STMicroelectronics experienced an increase of 3.75%. Schneider Electric experienced an increase of 3.6%, whereas Capgemini and Legrand saw gains approaching 3% compared to their prior closing levels.
- Societe Generale experienced a 2.7% increase following the upward revision of its profitability target for 2029.
- The lender anticipates an average revenue growth of roughly 3% from the estimated figures for 2026 to those for 2029.
- ROTE is projected to range from 13% to 14% in 2029, with expectations of exceeding 15% in 2030 and subsequent years.
- Euronext, Safran, and Dassault Systemes experienced increases of 2.1%, 2%, and 1.8%, respectively. Eurofins Scientific, EssilorLuxottica, and L’Oreal experienced an increase of approximately 1.5%.
- Stellantis, Saint-Gobain, LVMH, Vinci, Michelin, Air Liquide, Eiffage, Accor, Credit Agricole, Airbus, and BNP Paribas exhibited significant upward movement.
- Kering experienced a decline of 2.1%, while Engie saw a decrease of 2%. Thales, Carrefour, Danone, and Veolia Environment experienced slight declines.
