The CAC 40 rose 0.7% to 8,538 on Tuesday, rebounding from the previous session and reaching its highest level since late February, supported by strong gains in heavyweight luxury stocks.
Both LVMH and Hermès gained 1.3%, while Kering added 1.4% after JPMorgan highlighted encouraging Q2 industry indicators, citing resilient consumer demand and solid sales trends across Japan's duty-free shops, retailers, and department stores.
While American, Korean, and Japanese consumers continue to show resilient buying, Chinese spending continues to lag.
In contrast, semiconductor heavyweight STMicroelectronics tumbled 4.4%, mirroring renewed selling pressure across the broader technology sector.
On the economic front, France's trade deficit widened to €6.9 billion in May from €5.4 billion in April, worse than market expectations of €5.2 billion shortfall.
The gap was the largest since April 2025, as exports fell 2% month-over-month to €53.6 billion, while imports increased 0.7% to €60.5 billion.