The French stock market's benchmark index CAC 40 jumped more than 2.3% Friday morning with investors going on a buying spree amid rising hopes of a U.S.-Iran peace deal following U.S. President Donald Trump calling off previously planned attacks on Iran. Oil's sharp drop contributed as well to the upbeat mood in the market.
Brent crude futures dropped to $85.80 a barrel before edging up to $86.51, still trailing previous close by about 4.3%.
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Market Analysis
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.