French stocks climbed higher on Wednesday, lifted by some strong earnings updates, and hopes of a U.S.-Iran peace deal following U.S. President Donald Trump's announcement of a temporary suspension of "Project Freedom" in order to resume negotiations with Iran.
The CAC 40, which climbed to 8,280.71 earlier this morning, was up 191.36 points or 2.37% at 8,253.67 a few minutes ago.
ArcelorMittal soared nearly 8.5%. Safran jumped 6.5% and Stellantis moved up 6.3%. Societe Generale, Kering, BNP Paribas and Saint Gobain gained 5%-6%.
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Market Analysis
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.