Major stock markets continued their rebound on Thursday, driven by hopes of a potential easing of geopolitical tensions between the United States and Iran—a development that has also triggered a sharp drop in oil prices.
While the Paris Stock Exchange remained flat in early trading (+0.09%), it climbed more sharply in the morning (+0.44%). Elsewhere in Europe, Frankfurt was up 0.18% at the same time in the morning, Milan gained 0.19%, while London and Zurich fell 0.54% and 0.80%, respectively.
The CAC 40 regains momentum
The Paris Stock Exchange thus posted another positive session following its spectacular rebound the previous day. On Wednesday, the Paris benchmark index had indeed surged 2.94% to close at 8,299.42 points, marking its best performance since February.
The improvement in the geopolitical climate played a role, which simultaneously triggered a surge in cyclical stocks at yesterday’s close : Safran gained nearly 9%, ArcelorMittal more than 8%, while Kering gained nearly 7%. Conversely, TotalEnergies fell by more than 3%, weighed down by the sharp drop in crude oil prices.
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