The CAC 40 benchmark, which monitors the 40 largest French stocks listed on Euronext Paris, rebounded from slight declines on Friday. On Monday, there was a notable increase in market sentiment and risk appetite, contributing to a rise of over one percent in the benchmark.
The CAC 40 benchmark is presently at 8,155.44, reflecting an increase of 1.1 percent from the prior close of 8,068.62. The trading range for the day has fluctuated between 8,086.07 and 8,161.03. Supported by the favorable sentiment, merely 4 securities in the index are trading below the flatline. Where as –
- Kering led the gains with an increase of 3.5 percent.
- Publicis Groupe and Schneider Electric both experienced an increase of approximately 3 percent.
- Sanofi experienced the largest decline, falling by 2 percent.
Bond yields in France declined, reflecting the broader global trend. Yields on France’s 10-year bonds decreased by 0.70 percent, settling at 3.556 percent, compared to the prior closing level of 3.581 percent. Yields fluctuated within the range of 3.580 percent to 3.543 percent.
In the context of a global decline in bond yields, the dollar experienced a weakening, resulting in a 0.16 percent decrease in the six-currency Dollar Index, which now stands at 98.24. In the context of the dollar’s depreciation, the EUR/USD pair has appreciated by 0.15 percent, reaching 1.1758. The pair fluctuated within the bounds of 1.1759 and 1.1727. The exchange rate for the euro against the pound is currently at 0.8781, hovering near the neutral point. The EUR/JPY pair experienced a decline of 0.36 percent, now trading at 182.29.