The CAC 40 rose slightly as healthcare stocks gained

Cac Futures Updates

CAC Futures exhibit a modest uptick on Wednesday, as investors exercise caution while processing regional economic data and evaluating the prospective effects of a U.S. government shutdown. The benchmark CAC 40, having initially dipped into negative territory, has risen by 34.52 points or 0.44% to reach 7,930.46 in recent minutes.

Pharmaceutical stocks are performing positively following the U.S. government’s initiative to allow patients access to discounted prescription medications via a newly established federal platform. Credit Agricole, Eurofins Scientific, LVMH, Schneider Electric, Engie, Bureau Veritas, Edenred, and TotalEnergies are experiencing increases ranging from 1% to 1.85%. Publicis Groupe, Michelin, BNP Paribas, STMicroElectronics, Saint Gobain, and STMicroElectronics have experienced modest gains. Where as –

  • Stellantis has risen by nearly 2%.
  • Thales is experiencing a decline of 1.65%.
  • Legrand has experienced a decline of 1.6%
  • Sanofi has experienced an increase of 4.3%.
  • Renault has experienced an increase of 2.5%.
  • ArcelorMittal is experiencing an increase of 5.3%.

Safran, Orange, Unibail Rodamco, Euronext, and Bouygues have seen decreases ranging from 0.4% to 1.25%. In the realm of economic indicators, the HCOB France Manufacturing PMI experienced a decline to 48.2 in September, down from 50.4 in August, aligning closely with a preliminary estimate of 48.1, as per reports. In September, the Eurozone experienced a decline in manufacturing activity, as evidenced by a decrease in new orders and an accelerated rate of job losses, according to the final purchasing managers’ survey data compiled by S&P Global.

The HCOB manufacturing purchasing managers’ index decreased to 49.8 in September, down from 50.7 in August. The reading exceeded the flash estimate of 49.5. Eurostat’s flash estimate indicated that inflation in the Eurozone picked up in September, driven by increases in services and food prices. In September, inflation increased to 2.2%, aligning with expectations, up from 2% in August. In the interim, core inflation remained unchanged at 2.3%. In September, the harmonized index of consumer prices experienced a modest increase of 0.1% on a monthly basis.