
The benchmark CAC 40 increased by 65.50 points, reflecting a rise of approximately 0.85%, currently standing at 7,826.82. The French market is experiencing gains on Thursday, marking a fourth consecutive session of advancement, as investors anticipate the upcoming monetary policy announcement from the European Central Bank and the U.S. consumer price inflation data scheduled for later in the day.
The anticipation of a rate cut by the Federal Reserve next week is also fostering a positive sentiment in the market. The ECB is set to announce its monetary policy at 8:15 am and is largely anticipated to maintain its key interest rates for the second consecutive session, given that inflation is hovering around the target and the economy demonstrates resilience to elevated tariffs. The press conference held by ECB Chief Christine Lagarde, along with the central bank’s macroeconomic projections, is currently under scrutiny.
- Societe Generale is experiencing an increase of approximately 2.5%.
- Airbus has increased by 2.3%, while Kering is showing an advance of nearly 2%.
- Thales has increased by 1.8%, whereas BNP Paribas, AXA, Eurofins Scientific, Publicis Groupe, Accor, and Stellantis have risen between 1% and 1.4%.
- LVMH is experiencing a decline of approximately 0.7%.
- L’Oreal, Michelin, and STMicroElectronics are experiencing slight declines.
Kering disclosed on Wednesday that it will delay the full acquisition of Italian fashion brand Valentino until at least 2028, postponing the implementation of a costly agreement that has been a burden on the heavily leveraged group. Sanofi has increased by 1.1% following the announcement that its SAR402663 has received fast track designation in the U.S. for neovascular age-related macular degeneration. Credit Agricole, Air Liquide, EssilorLuxottica, Orange, Dassault Systemes, and Orange are experiencing moderate gains.