Kering and Thales Lead CAC 40 Gains

Cac Futures Updates

The benchmark CAC 40 increased by 95.78 points, reflecting a rise of 1.23%, currently standing at 7,921.02. In light of Fitch Ratings’ decision to downgrade France’s long-term credit rating due to increasing debt levels and political uncertainty, the French stock market has nonetheless shown resilience, moving into positive territory on Monday.

Investors are keenly anticipating upcoming policy announcements from the Federal Reserve, the Bank of England, and the Bank of Japan this week. The Federal Reserve is anticipated to reduce interest rates by 25 basis points, whereas the Bank of England and the Bank of Japan are expected to maintain their current rates.

  • Kering is experiencing an increase of over 4%.
  • Thales has experienced an increase of nearly 4%.
  • STMicroElectronics has increased by 3.1%.
  • Societe Generale has risen by 2.85%.
  • Credit Agricole, L’Oreal, LVMH, and Airbus have experienced an
    increase ranging from 2% to 2.2%.
  • BNP Paribas, Bouygues, Stellantis, Credit Agricole, Accor, Safran, Saint Gobain,
    Vinci, TotalEnergies, Unibail Rodamco, Hermes International, and Engie have
    experienced an increase ranging from 1% to 1.8%.
  • Edenred, Bureau Veritas, Dassault Systemes, Publicis Groupe, and Sanofi are
    currently experiencing declines, with losses ranging from 0.4% to 1%.

In economic news, the euro area trade surplus experienced a decline in July, with exports showing only moderate growth. The trade surplus decreased to EUR 12.4 billion in July, down from EUR 18.5 billion in the same month last year. Nonetheless, the surplus exceeded June’s level of EUR 8 billion. The yearly increase in exports decreased to 0.4%, down from 0.8% in June. Concurrently, imports increased by 3.1%, following a previous rise of 6.8% last month.

The reduction of EUR 6.1 billion in the trade surplus can be attributed primarily to chemicals and related products, which saw a decrease in surplus from EUR 23.8 billion to EUR 17.4 billion. The trade surplus increased to EUR 12.1 billion in July, up from EUR 7.9 billion in June, after seasonal adjustments were applied. The enhancement was mainly propelled by growth in the surpluses of chemicals and associated products.