Cac 40: Always watching for a hypothetical agreement between the United States and Iran, the CAC 40 is at a standstill

The Parisian index remains stable during the day on Thursday, awaiting new information on the situation in the Middle East.

The CAC 40 is stuck. Following a significant 2.94% increase on Wednesday, the Parisian index struggles to make progress, gaining only 0.06% at midday on Thursday, May 7, at 8,304.46 points.

On Wednesday, several media outlets reported the existence of a one-page memorandum proposed by Washington to end the conflict. From Wednesday night to Thursday, Donald Trump deemed an agreement “very possible” based on the “very good discussions” between the two countries.

Oil, on the other hand, continues to decline. The July contract for Brent North Sea oil drops 2.9% to $98.34 per barrel, while the June contract for WTI in New York falls 2.35% to $92.32 per barrel.

“Hope for an agreement between Washington and Tehran continues to support risk appetite, mainly due to the decline in oil prices and improved inflation expectations,” notes John Plassard of Citē Gestion.

“On the other hand, the markets remain extremely cautious in the face of a geopolitically unstable situation, with investors well aware that no concrete agreement has been officially validated yet and that an increase in tensions (a tweet from Donald Trump?) could quickly reignite volatility,” continues the market specialist.

In terms of stocks, luxury drives the CAC 40, with Kering up 3.2%, Hermès up 2.7%, LVMH up 2.2%, as the sector stands to benefit from market rotation.

Legrand gains 1.5% after posting higher-than-expected growth in the first three months of the year.

Conversely, Bouygues (-2.7%) and Engie (-1.8%) delivered more mixed results, and thus were penalized by investors.

Outside the CAC 40, Trigano rises 5.2% after releasing its first-half results.

On the currency front, the euro is up 0.2% against the dollar at 1.1776 dollars.

Julien Marion – ©2026 BFM Bourse