Paris Stock Exchange closes flat after U.S. inflation data sparks recovery

The main index of the Paris Stock Exchange, the CAC-40, closed Tuesday with a slight gain of 0.03%, recovering from a negative opening. The market rallied thanks to renewed optimism following the release of U.S. inflation data for June, which indicated a slowdown.

The Parisian selective index had started the day in negative territory, hovering around 8,300 points. However, it managed to rebound during the afternoon session, ultimately closing at 8,366.85 points, just slightly above the previous day's close. Trading volume was moderate, with exchanges valued at 3.067 billion euros, on a day when France celebrated its National Holiday.

Examining individual stock performance, 22 companies closed lower, while 18 saw gains. Major decliners included lens manufacturer EssilorLuxottica, which fell 2.51%, luxury group Kering down 2.44%, and tour operator Accor, which dropped 2.19%. Conversely, the biggest gains were recorded by electrical systems specialist Legrand, up 1.97%, electrical components manufacturer Schneider Electric, which rose 1.69%, and the bank Crédit Agricole, which added 1.60%.