The CAC 40 surfs on the geopolitical relaxation and returns to the path of 8,440 points

A session under the sign of relaxation in the Middle East

The angle of the morning is clear: Paris follows in the wake of the diplomatic appeasement that began at the end of last week. The framework agreement extending the ceasefire between the United States and Iran by 60 days, accompanied by a gradual reopening of the Strait of Hormuz, triggered a sharp decline in oil prices. Brent, which fell by around 3% in the morning to move just above the threshold of 80 dollars, reduces the geopolitical risk premium which has weighed on the markets for more than three months.

The movement is visible everywhere. In Tokyo, the Nikkei 225 closed up 5.13%, in Frankfurt, the DAX jumped 1.54% during the session, while on Wall Street, the NASDAQ rose 3.39% and the S&P 500 rose 2.16%. Paris is participating in the rebound, but to a more contained extent, hampered by the sensitivity of several of its heavyweights to the decline in oil prices and cyclical export stocks.

Schneider, Capgemini and Legrand are on the rise

At the top of the list, Schneider Electric rose 3.37% to 279.25 euros, signing the largest increase in the CAC 40. The specialist in energy management and automation is taking full advantage of the rediscovered appetite for European industrial and technological values, in a context to ease tensions on energy.

Technology follows with Capgemini (+1.80% to 98.20 euros), driven by the surge in the NASDAQ across the Atlantic. Legrand gained 1.73% to 137.90 euros, extending the dynamic of electrical equipment manufacturers. Safran advances by 1.71% to 321.80 euros: civil aeronautics benefits mechanically from a cheaper barrel and from the prospect of gradual normalization of traffic in the Middle East. Crédit Agricole completes the top five with a gain of 1.51% to 17.19 euros.

However, the dispersion remains measured: 21 stocks progress, 19 decline. The direction is positive, but far from a unanimous purchasing movement.

Renault, STMicroelectronics and Saint-Gobain going against the grain

At the other end of the rating, Renault fell 2.95% to 27.95 euros, bottom of the index. The manufacturer has however announced the extension of production of its Boreal SUV at the Turkish factory in Bursa, with the introduction of a 160 hp full hybrid E-Tech engine. The group also unveiled Monday at Eurosatory, alongside Thales, the 4 Troop, a multi-role vehicle integrating secure communication, drones and artificial intelligence. Stellantis lost 0.79% to 6.04 euros, with the automobile industry as a whole undergoing a profit-taking movement after several sustained sessions.

STMicroelectronics dropped 2.64% to 66.64 euros, in contrast to the American technological boom. Pernod Ricard lost 0.76% to 62.76 euros.

Saint-Gobain fell 0.74% to 77.50 euros, even though the group signed a binding agreement on Monday for the sale of its Dahl activity in Sweden, Norway and Denmark to the Finnish Kesko, for a company value of 1.518 billion euros. The operation is part of the “Lead & Grow” strategic plan and should be finalized in early 2027. Rothschild & Co Redburn has adjusted its price target from 103 to 101 euros, while maintaining its buy rating.