France’s equity benchmark CAC 40 climbed to a five-month high on Monday amid easing geopolitical concerns after U.S. President Donald Trump cancelled planned military strikes on Iran and said there is a ‘good chance’ of progress in talks aimed at ending months of fighting.
A sharp drop in crude oil prices contributed significantly to improved appetite for riskier assets such as equities.
Brent crude futures fell to $81.55 a barrel before recovering to $83.90, still down more than 4.5% from previous close.
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Market Analysis
CAC 40 Climbs To 5-Month Peak On Iran De-escalation, Oil Drop
2026-08-03 10:42:15
