French Stocks Start the Week Higher
The CAC 40 rose 0.4% to 8,107 on Monday, extending gains from the previous week as investors brushed aside President Donald Trump's rejection of Iran's proposal to reopen the Strait of Hormuz and halt hostilities. While Tehran signaled it would not soften its conditions for reopening the strategically important waterway, Iranian officials maintained that diplomacy remains the only viable path toward resolving the conflict. On the corporate front, TotalEnergies gained 0.7% after the company pledged to increase its dividend by more than 5% annually through 2030 and expanded its share buyback program, supported by higher oil and gas production and elevated energy prices. Other notable gainers included L'Oréal (+1.8%), Hermès (1.9%), EssilorLuxottica (2.7%), and Sanofi (1.1%).
4% to 8,107 on Monday, extending gains from the previous week as investors brushed aside President Donald Trump's rejection of Iran's proposal to reopen the Strait of Hormuz and halt hostilities. While Tehran signaled it would not soften its conditions for reopening the strategically important waterway, Iranian officials maintained that diplomacy remains the only viable path toward resolving the conflict. 7% after the company pledged to increase its dividend by more than 5% annually through 2030 and expanded its share buyback program, supported by higher oil and gas production and elevated energy prices. 1%).