The CAC 40 index experienced an uptick, driven by a favorable sentiment in global markets following the Federal Reserve’s monetary policy action, which was perceived as less hawkish than anticipated. The benchmark that tracks the 40 largest French stocks based on the Euronext Paris is currently trading at 8,133.75, reflecting an increase of 0.59 percent from the previous close of 8,085.76.
The trading range for the day has fluctuated between 8,095.23 and 8,155.39. In the context of prevailing positive sentiment, merely 7 securities within the index are currently trading below the flatline.
- Capgemini experienced the most significant losses, registering a decline of 1.2 percent.
- STMicroElectronics, AXA, Publicis Groupe, and Legrand have all experienced an increase exceeding 1.5 percent.
- ArcelorMittal led the gains, registering an increase of nearly 2 percent. Renault reported an increase of 1.9 percent.
In France, bond yields have indeed hardened, reflecting the broader global trend. The yield on France’s 10-year bonds increased by 0.31 percent, reaching 3.570 percent, compared to the prior closing level of 3.559 percent. Yields fluctuated within the range of 3.576 percent to 3.556 percent.
In the context of the worldwide increase in bond yields, the dollar experienced a rally, resulting in a 0.15 percent rise in the six-currency Dollar Index to 98.49. In the context of the dollar’s robustness, the EUR/USD pair has experienced a decline of 0.14 percent, now standing at 1.1723. The pair fluctuated within the bounds of 1.1747 and 1.1723. In the context of the pound’s depreciation, the EUR/GBP pair has appreciated by 0.03 percent, currently positioned at 0.8770. The EUR/JPY pair has experienced a rise of 0.08 percent, currently trading at 182.83.