The Paris equities is currently in negative territory just past noon on Thursday, as investors respond to corporate earnings announcements and the most recent regional economic data releases. The benchmark CAC 40 experienced a decline of 35.70 points, translating to a decrease of 0.44%, settling at 8,038.53 just moments ago. Legrand is experiencing a decline of nearly 10% following the release of the company’s results for the first nine months of the year, which did not meet expectations. The company reported sales of 6.97 billion euros for the nine-month period ending in September, falling short of the anticipated 7.03 billion euros. Teleperformance has experienced a decline of over 6% following the announcement of a decrease in third quarter revenue and a revision of its annual targets downward.

Pernod Ricard has experienced a decline of 2%, whereas L’Oreal, Schneider Electric, Kering, Airbus, Dassault Systemes, and Essilor Luxottica have seen decreases ranging from 1% to 1.6%. TotalEnergies, Safran, Saint Gobain, AXA, Hermes International, and Euronext are experiencing slight declines. ArcelorMittal has experienced an increase of over 4% following the announcement of a 31.35% rise in net income for the September quarter. Publicis Groupe is experiencing an increase of 1.9%, while Veolia Environment has risen by 1.85%. STMicroElectronics has experienced an increase of 1.7%, whereas Engie and Stellantis have both risen by 1.25% compared to their previous closing levels.

Orange, Carrefour, Michelin, LVMH, Bouygues, Unibail Rodamco, and Societe Generale have recorded modest gains. Recent data indicates that the HCOB Construction PMI in France decreased to 39.8 in October, down from 42.9 in September. This decline reflects an accelerated contraction in activity, marking the 41st consecutive month of downturn in the sector.

Data indicated that retail sales in the Eurozone experienced a decline for the second consecutive month in September, decreasing by 0.1% on a month-to-month basis, mirroring the performance observed in August. Meanwhile, forecasts indicated a rebound of 0.2%. Retail sales growth year-on-year has decelerated to 1% from 1.6% in August, aligning with forecasts.