CAC 40 Dips Slightly Amidst Tepid Market Activity

Cac Futures

Cac 40 is experiencing a slight decline on Tuesday, with stocks fluctuating within a narrow range as investors await the upcoming Federal Reserve’s monetary policy meeting. The Fed is anticipated to reduce interest rates by 25 basis points on Wednesday. The benchmark CAC 40 has decreased by 6.51 points, reflecting a decline of 0.08%, currently standing at 7,890.42.

  • Kering is up by 4.5%.
  • EssilorLuxottica and Capgemini have increased by 2.4% and 2.3%, respectively.
  • LVMH, Hermes International, and Dassault Systems are experiencing an increase of just over 2%.
  • Reanault is up nearly 2.5%, while Stellantis is seeing an increase of about 0.7%.
  • L’Oreal and Bouygues have decreased by 2.3% and 2.2%, respectively.
  • Societe Generale, Orange, Vinci, Pernod Ricard, AXA, Engie and Carrefour have decreased by 1 to 1.6%.

In economic news, industrial production in the Euro Area increased by 0.3% from the previous month in July, following a revised decline of 0.6% in the earlier period. In July, industrial output experienced a growth of 1.8% compared to the previous year, an improvement from the 0.7% rise noted in June.

The ZEW Indicator of Economic Sentiment for the Euro Area increased by 1 point from the previous month to 26.1 in September, surpassing market expectations of 20.3. During the month of September. The Indicator of the current economic situation rose by 2.4 points to -28.8, while inflation expectations increased by 3.3 points to -3.4.