Paris’s CAC40 reversed early losses to close 0.2% higher at 7,835 on Friday, lifted by a rally in the heavyweight luxury sector amid fading expectations for ECB easing and ongoing EU–US trade uncertainties. LVMH surged 3.9% after its Q2 results delivered profit margins above forecasts, compounded by “tangible” signs of Chinese demand recovery and a renewed focus on cost discipline under CFO Cecile Cabanis, while luxury peers Kering (4.4%) and Herm