French equities exhibited a lack of strength on Monday morning amid light trading volumes, as market participants remained hesitant and largely on the sidelines. The absence of substantial data or company-specific news contributed to a prevailing sense of caution.
Defense stocks experienced a decline as indications of advancement in a peace agreement for Ukraine emerged. U.S. President Donald Trump indicated that a peace agreement regarding Ukraine is “getting a lot closer,” despite unresolved territorial disputes. The market is scheduled for a brief session on Wednesday and will be closed on Thursday in observance of New Year’s Day.
- Thales experienced a decline of approximately 1.7%.
- Safran experienced a decline of 1.6%.
- AXA, Legrand, Airbus Group, Pernod Ricard, Renault, and Kering saw
reductions ranging from 0.5% to 0.9%. - Eurofins Scientific, L’Oreal, Danone, Stellantis, and Eifage experienced a slight decline earlier.
- ArcelorMittal experienced an increase of approximately 1%.
- Saint Gobain, Michelin, Publicis Groupe, Sanofi, TotalEnergies, Societe Generale, Accor, STMicroElectronics, and Veolia Environment experienced increases ranging from 0.4% to 0.9%.
The CAC 40 experienced a decline of 13.40 points, reflecting a decrease of 0.17%, currently positioned at 8,090.18, following an earlier peak of 8,128.10. The yield on France’s 10-year government bond decreased to 3.542% earlier this morning, before rising to 3.557% thereafter.