France: CAC 40 Rises on Hopes for US-Iran Diplomacy.

The CAC 40 gained 1.1% to close at 8,328 on Tuesday, the highest level since early March, supported by reports that US-Iran talks could resume this week. Oil prices fell on hopes for an end to conflict-driven supply shortages, easing stagflation and interest rate hike fears. Most luxury brands posted gains as risk aversion declined, with L'Oreal up 1.1%, Hermes gaining 1.2%, and Kering advancing 2.9%. The industrial sector also traded positive, with Airbus gaining 1.3% and Safran advancing 2.3%. TotalEnergies lost 2.8% on falling oil prices. LVMH closed around the flatline after posting a decline in Q1 revenue and warning that the Iran conflict reduced group sales by at least 1% in the latest quarter, citing weaker demand in the Gulf.