France: CAC 40 Rises as Energy Stocks Rally.

The CAC 40 gained 0.3% to close at 8,365 on Monday, lifted by gains in the energy and luxury sectors. TotalEnergies advanced 3% as oil prices surged following a fresh wave of US strikes on Iran and conflicting statements from Washington and Tehran over the status of the Strait of Hormuz. Luxury stocks also traded higher, with Hermes up 0.9% and Kering adding 0.7%. Stellantis gained 1.8% after reporting that preliminary second-quarter vehicle shipments rose 10% year-on-year to nearly 1.6 million units, driven by strong growth in North America, its largest market. In contrast, heavyweight industrial stocks posted losses as Middle East tensions heightened market uncertainty. The spike in energy prices reignited inflation concerns, prompting markets to price in two additional ECB interest rate hikes over the next year, with the first expected in September. Airbus lost 1%, while Safran shed 1.8%.