The CAC 40 index rose 0.7% to close at 7,857 on Tuesday, as investors balanced a raft of strong half-year earnings against the fallout from the new US–EU trade framework. EssilorLuxottica led the advance, jumping 6.9% after reporting higher H1 operating profit despite tariff headwinds, while Air Liquide and Orange rose 1.7% and 2.1%, respectively, on similarly upbeat updates. In contrast, luxury names bore the brunt of profit-taking, LVMH fell 2.9% and Hermes dipped 0.4%, as market participants questioned the pact’s Eurozone impact, with French critics and German Chancellor Merz warning that its perceived tilt toward the US could undercut European exporters and dampen regional growth.