The CAC 40 index is currently in negative territory on Thursday, as investors respond to a series of earnings reports and regional economic indicators, alongside the Federal Reserve’s recent interest rate cut and the indication that no additional reductions are anticipated for the remainder of the year.

The market is currently anticipating the monetary policy announcement from the European Central Bank. The benchmark CAC 40 experienced a decline of 67.11 points, reflecting a decrease of 0.82%, settling at 8,133.77. Airbus is experiencing an increase of over 2%. Capgemini is experiencing an increase of 0.85%, while Dassault Systemes, Safran, Hermes International, Edenred, L’Oreal, and Sanofi are all registering modest gains. Where as –

• Stellantis has experienced a decline of 5.5% following its announcement regarding
  anticipated one-time charges in the latter half of the fiscal year.
• Schneider Electric has experienced a decline, reporting a loss of 4.1%. Societe
  Generale and Kering have experienced declines of 3.4% and 3.3%, respectively.
• Credit Agricole has experienced a decline of 2.7%, while TotalEnergies has seen a
  decrease of 2.3% following a reported 2.4% drop in third-quarter earnings.
• Renault has experienced a decline of nearly 2%. Publicis Groupe, STMicroelectronics,
  Pernod Ricard, and BNP Paribas have experienced declines ranging from 1% to 1.7%.

In the latest economic report, data indicates that France’s economic growth gained momentum in the third quarter, notwithstanding the prevailing political uncertainty and trade tensions. Gross domestic product recorded a quarterly increase of 0.5%, succeeding a 0.3% rise in the second quarter, as reported by the statistical office INSEE. The anticipated growth is projected to moderate to 0.2%. The euro area economy demonstrated a more rapid expansion in the third quarter, according to the preliminary flash estimate released by Eurostat.

Gross domestic product increased by 0.2% on a quarter-on-quarter basis, following a 0.1% rise in the second quarter. The forecast for GDP growth indicates it will hold steady at 0.1%. On an annual basis, GDP growth moderated to 1.3% from 1.5% in the preceding quarter. Nevertheless, the rate exceeded the forecast of 1.2%. The EU27 experienced an acceleration in growth during the third quarter, registering a sequential increase of 0.3%, compared to a 0.2% rise in the previous quarter. The annual growth in GDP registered at 1.5%, a slight decline from the 1.6% observed in the second quarter.