CAC 40 experienced a significant uptick in positive territory on Wednesday morning, driven by robust buying in select sectors, and maintained a solid position well above the flat line by noon.

Increasing optimism surrounding a potential interest rate reduction by the Federal Reserve in December, along with significant advancements in Ukraine peace negotiations, bolster the favorable sentiment in the market. The benchmark CAC 40 increased by 47.65 points, reflecting a rise of 0.49%, reaching 8073.45. Where as –

• L’Oreal experienced an increase of nearly 2.5%.
• Societe Generale and EssilorLuxottica experienced increases of 1.4%
  and 1.3%, respectively. Kering experienced an increase of nearly 1%.
• Airbus, ArcelorMittal, LVMH, AXA, Hermes International, Legrand,
  and Dassault Systemes experienced an increase ranging from 0.5% to 0.8%.
• Safran experienced a 0.3% increase following the announcement of a joint venture with
  Bharat Electronics in India, aimed at enhancing its civil and military aerospace operations.

In the interim, Pernod Ricard and Stellantis experienced declines of 1.7% and 1.6%, respectively. Engie experienced a decline of approximately 0.8%, whereas Capgemini saw a reduction of around 0.5%.