France: CAC 40 Gains for Fourth Straight Session.
The CAC 40 gained 0.7% to close at 8,447 on Tuesday, extending gains for a fourth straight session and reaching its highest level in two months amid optimism over a preliminary US-Iran deal. President Donald Trump said at the G7 summit that negotiations with Iran had entered a second stage. Oil prices slid as markets weighed the prospect of renewed supplies, easing concerns about energy-driven inflation and reducing fears of a hawkish shift by central banks. Lower bond yields supported financial stocks and the broader market, with BNP Paribas advancing 1.3% and Credit Agricole gaining 1.8%. Luxury shares benefited from improved risk sentiment, with LVMH rising 1.5% and Hermes adding 2.2%. Industrial stocks also posted gains, with Safran up 2.4% and Schneider Electric advancing 2.5%. In contrast, STMicroelectronics fell 4% after announcing plans to issue $1.5 billion in convertible bonds.