The CAC 40 hovered around the 7,560 mark in early trading on Thursday, stabilizing after a 0.8% decline in the previous session, supported by signs that a ceasefire between Israel and Iran is holding. With tensions in the Middle East receding, market focus shifted back to trade developments as the clock ticks down to the July 9 deadline set by the Trump administration to negotiate deals that would avert the imposition of reciprocal tariffs with trading partners. In other news, NATO members have agreed to increase defense spending defense from 2% of GDP to 5% by 2035 following renewed pressure from US President Donald Trump. On the corporate front, notable gainers included Thales (1.6%), Veolia (1.1%), and STMicroelectronics (1.3%). Meanwhile, underperformers included Essilor (-1.7%), Stellantis NV (-1.3%), and Michelin (-1.7%).