French stocks gained significant ground in positive territory on Wednesday despite lingering concerns about Middle East tensions and likely interest rate hike by the European Central Bank in June.
Weak oil prices helped lift sentiment. Brent crude futures fell below $94 a barrel after reports emerged that some LNG tankers have passed through the Strait of Hormuz in recent days, helping ease supply concerns amid prolonged West Asia conflict.
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CAC 40 Rises Nearly 1%; Auto, Luxury Stocks Move Higher
2026-05-27 10:21:02
