The CAC 40 rose 0.4% to 7,799 on Wednesday, marking its third consecutive session of gains and holding near its highest level in nearly a month. Investors remained focused on developments in US trade policy after President Donald Trump announced plans to impose a higher-than-expected 50% tariff on copper imports and suggested potential levies of up to 200% on pharmaceuticals, though these would be delayed by 12–18 months to allow for industry adjustment. In Europe, Trump stated that he would “probably” notify the European Union within two days about the tariff rate, but still expressing frustration over EU taxes and penalties targeting US tech firms. On the corporate front, EssilorLuxottica surged nearly 5% following reports that Meta had acquired just under a 3% stake in the company. Moreover, banking stocks outperformed, with Societe Generale climbing 3.1%, BNP Paribas gaining 1.6%, and Credit Agricole advancing 1%.