The CAC 40 surged 4.5% to close at 8,264 on Wednesday as French equities reached their highest level in over a month following a significant de-escalation in Middle East tensions. This massive rally was triggered by the announcement of a two-week conditional ceasefire between the United States and Iran which eased global fears of a systemic energy shock and an inflationary spike. Luxury conglomerates led the upward charge with LVMH and Hermes surging 6.9% and 7.3%, respectively, while Kering advanced 7.6% as the improved geopolitical outlook bolstered global consumer sentiment. Financial institutions also saw sharp gains with Soci