French stocks remained firmly up in positive territory a little past noon on Monday thanks to sustained buying at several counters as investors react to the news about U.S.-Iran peace deal and the sharp drop in oil prices.
Brent crude fell to a three-month low, dropping to $82.52 a barrel, losing about 5.5%.
The preliminary framework of the Iran peace deal includes halting the U.S. blockade of Iran and reopening of the Strait of Hormuz. The resultant sharp drop in oil prices has helped ease inflation concerns, adding to the upbeat sentiment in the markets.
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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.