CAC 40 Drops Amid Wary Trading

Cac Futures Updates

Cac Futures are experiencing declines on Thursday, continuing the downward trend from the prior session, as investors exercise caution in anticipation of significant U.S. economic indicators, notably the second-quarter GDP and the PCE report for the same period. The benchmark CAC 40 experienced a decline of 43.34 points, representing a decrease of 0.55%, settling at 7,784.11.

Schneider Electric, Thales, Societe Generale, Legrand, Credit Agricole, and Sanofi have experienced declines ranging from 1% to 1.5%. BNP Paribas, Bureau Veritas, Euronext, Airbus, Hermes International, Bouygues, and ACC have experienced declines ranging from 0.5% to 0.9%. TotalEnergies has experienced a slight decline. The company has declared its intention to slow the rate of its share repurchases for the remainder of this year. Where as

  • Renault is experiencing an increase of 2.3%.
  • Dassault Systems has increased by 1.4%.
  • Orange, Stellantis, Danone, and Engie are experiencing modest gains.
  • Saint Gobain, Safran, Eurofins Scientific, and EssilorLuxottica have
    experienced declines ranging from 1.7% to 2%.

In September, France’s consumer sentiment held steady at a low level, reflecting ongoing political uncertainty, according to monthly survey data released by the statistical office INSEE. The consumer confidence index remained unchanged at 87 in September, aligning with forecasts. The index reflecting consumers’ perceptions of their future personal financial circumstances experienced a modest increase to -15, whereas the index pertaining to their past personal financial situation held steady at -21. In September, households exhibited a decline in concerns regarding unemployment, as evidenced by a one-point decrease in the index to 55.

The percentage of households anticipating price increases over the forthcoming twelve months decreased in September, with the index falling from -25 to -27. The index that tracks historical consumer prices held steady at -8, unchanged from August’s figure. Data indicated that new car registrations in Europe experienced an annual increase of 5.3% in August, a decline from the 7.4% rise observed in July. This marks the second consecutive month of expansion. Nonetheless, car registrations in the EU experienced a slight decline of 0.1% for the year-to-date period.