The CAC 40 index fell 0.1% to close at 8,263 on Thursday, as investors monitored Middle East tensions. The US administration alternated between signaling progress toward a peace deal and warning Iran, while Pakistani officials visited Tehran to facilitate new US-Iran talks. The Strait of Hormuz remains largely closed, keeping oil prices elevated, though below recent peaks. Most luxury stocks posted losses amid persisting risk aversion, with L'Oreal down 2.3% and Kering down 3.1%. Meanwhile, Hermes gained 1.1% as the company reported a 6% rise in sales for the first quarter of 2026 yesterday. In the industrial sector, stocks declined, with Safran losing 3.4% and Thales down 0.7%. In contrast, TotalEnergies gained 0.6% on higher oil quotes.