The CAC 40 climbed 1.4% to 8,469 on Monday, reaching its highest level since late February, supported by easing geopolitical tensions following reports of a breakthrough in a US–Iran peace deal. The agreement included the reopening of the Strait of Hormuz, an end to hostilities, and a framework for renewed negotiations over Iran’s nuclear program. While key details and the official text remain unreleased, officials from both countries are expected to meet in Switzerland on Friday to formally sign the deal. In Europe, investors looked ahead to interest rate decisions from several major central banks this week, particularly those in the UK, Switzerland, Sweden, Norway, and Russia. Most stocks traded higher, with luxury heavyweights leading the advance, notably LVMH (4.3%), Herm