The CAC 40 rose 0.3% to close at 7,776 on Wednesday, extending the prior session’s gains as dovish US inflation data pushed the probability of a September Fed rate cut higher, easing fears of tariff-driven price pass-through and lifting risk assets across Europe. The tame CPI print reduced the near-term case for higher interest rates, which in turn supported higher-duration and consumer-facing names, while geopolitical developments, European and Ukrainian leaders preparing for talks tied to US–Russia diplomacy, provided an additional backdrop of potential stability rather than immediate market stress. Luxury houses outperformed, led by EssilorLuxottica (3.2%), LVMH (2.7%), L’Or