24.04.202516:00:46UTC+00CAC 40 Rises for 3rd Straight Session

On Thursday, the CAC 40 rebounded from initial losses to close 0.3% higher at 7,503, marking its third consecutive session of gains. Investors assessed a series of corporate earnings amidst ongoing U.S.–China trade tensions. Key contributors to the rally included luxury giants LVMH, Hermès, and L'Oréal, each rising between 1.2% and 1.7%. Notable performances also came from STMicroelectronics, which surged by 5.3%, Renault by 4.4%, Bureau Veritas by 3.8%, Stellantis by 2.3%, and Air Liquide by 2.2%. However, the overall earnings picture was mixed. Dassault Systèmes dropped 5.1% to a two-week low following Q1 revenue growth that fell short of expectations, and Thales saw a 3.8% decline due to a steeper-than-expected fall in quarterly orders. BNP Paribas slipped 2.2%, even though its investment banking revenue was strong, as its Q1 net profit aligned with predictions of a decline. Meanwhile, U.S. Treasury Secretary Scott Bessent cautioned that a quick resolution to the U.S.–China trade impasse remains improbable.