CAC 40 Rises Sharply As Earnings, U.S.-Iran Peace Deal Hopes Lift Sentiment

RTTNews | 129 days ago

(RTTNews) - French stocks climbed higher on Wednesday, lifted by some strong earnings updates, and hopes of a U.S.-Iran peace deal following U.S. President Donald Trump's announcement of a temporary suspension of "Project Freedom" in order to resume negotiations with Iran.

The CAC 40, which climbed to 8,280.71 earlier this morning, was up 191.36 points or 2.37% at 8,253.67 a few minutes ago.

ArcelorMittal soared nearly 8.5%. Safran jumped 6.5% and Stellantis moved up 6.3%. Societe Generale, Kering, BNP Paribas and Saint Gobain gained 5%-6%.

AXA gained 4.3%. The insurance giant reported first-quarter gross written premiums and other revenues of 38.0 billion euros, up 3% from 37.0 billion euros in the prior-year period, driven by growth across Life & Health and Property & Casualty segments. On a comparable basis, premiums and other revenues rose 6%.

Veolia Environnement gained 1.1%. The company reported first quarter current EBIT of 971 million euros, up 7.2% from last year. EBITDA was 1.77 billion euros, an organic growth of 5.1%. Revenue was 11.43 billion euros, up 1.0% on a like-for-like basis, and by 2.1% excluding the impact of energy prices.

Renault, Credit Agricole, Hermes Interational, Bouygues, Eiffage, LVMH and Airbus moved up 4%-5%. EssilorLuxottica, Vinci, Michelin, Schneider Electric, Legrand, Eurofins Scientific, Dassault Systemes, L'Oreal and Unibail Rodmco also posted strong gains.

TotalEnergies fell 3%. Euronext, Orange and Sanofi drifted modestly lower.

In economic news, the S&P Global France Composite PMI was unrevised at 47.6 in April 2026, down from 48.8 in March, indicating a fourth consecutive month of contraction in France's private sector and the sharpest downturn since February 2025.

The S&P Global France Services PMI fell to 46.5 in April 2026 from 48.8 in March, confirming preliminary estimates. This marked the steepest contraction since February 2025,

Industrial production in France rose 1% month-on-month in March 2026, beating market expectations of a 0.5% increase and rebounding from an upwardly revised 0.9% fall in the previous month.

U.S. Dollar Ticks Higher Amid Inflation Data Release, Expectations Of Reopening Of Strait Of Hormuz

The U.S. Dollar value inched higher as investors weighed today's inflation data that pushed the odds for a rate hike in the U.S. higher against reports of an upcoming meeting between the Gulf Cooperation Council nations and Iran to hasten the reopening of the Strait of Hormuz.

RTTNews | 17h 2min ago

TSX Climbs On Tech Rally, Looks Set To End 6-day Losing Streak

The S&P/TSX Composite Index rose 0.36% Friday to 35,634.50 as technology stocks surged 3.5%, contributing significantly to gains. Oil prices fell following International Energy Agency's downward global oil demand forecast revision.

RTTNews | 19h 19min ago

Swiss Market Ends Modestly Higher

The Switzerland stock market closed modestly higher on Friday, in line with markets across Europe, as a sharp drop in oil prices helped lift sentiment.

RTTNews | 19h 52min ago

European Markets Rise As Oil Prices Fall On IEA Demand Cut

European markets gained ground Friday after the International Energy Agency cut its global oil demand forecast, sending Brent crude futures down 3.5% to $103.50. The IEA now projects world oil demand will drop 2.5 million barrels per day this year versus its prior estimate of 1.6 million bpd.

RTTNews | 20h 15min ago

U.S. Consumer Sentiment Deteriorates Much More Than Expected In September

A report released by the University of Michigan on Friday showed consumer sentiment in the U.S. has deteriorated by much more than anticipated in the month of September. The University of Michigan said its consumer sentiment index slumped to 47.8 in September after tumbling to 51.7 in August. Economists had expected the index to edge down to 51.0.

RTTNews | 23h 36min ago

CPSC Recalls: 2.3 Mln Candy Bottles, Motorcycles, Dressers, Dual Fuel Ranges, Fire Spray Canisters

The U.S. Consumer Product safety Commission or CPSC has announced various recalls including more than 2.3 million sour crush candy bottles, motorcycles, six-drawer dressers, dual fuel ranges, hair dryer brushes, and fire spray canisters, among others. In most of the recalls, consumers are urged to immediately stop using the recalled product, and contact the respective firm for either a free repair

RTTNews | 23h 45min ago

U.S. Consumer Price Growth Matches Estimates, Core Prices Rise Slightly More Than Expected

A closely watched report released by the Labor Department on Friday showed consumer prices in the U.S. increased in line with economist estimates in the month of August, although core prices rose by slightly more than expected. The Labor Department said its consumer price index climbed by 0.4 percent in August after inching up by 0.1 percent in July.

RTTNews | 1 day ago

U.S. Consumer Prices Increase In Line With Estimates In August

A closely watched report released by the Labor Department on Friday showed consumer prices in the U.S. increased in line with economist estimates in the month of August.

RTTNews | 1 day ago

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