CAC 40 Up 0.3% as Bank Stocks Climb

CAC Futures Updates

French equities experienced a slight uptick shortly after midday on Tuesday, primarily driven by advancements in the banking sector along with specific technology and defense stocks. Trading exhibited a degree of lethargy, with traders predominantly remaining on the sidelines, while those participating in the market largely abstained from significant transactions.

The French market is set for a comprehensive trading session today. On Wednesday, it will conclude operations early and will remain closed on Thursday in observance of New Year’s Day. The benchmark CAC 40 experienced an increase of 21.30 points, reflecting a rise of 0.27%, reaching a level of 8,133.32 approximately thirty minutes after midday.

  • Societe Generale experienced an increase of nearly 1.5%.
  • BNP Paribas experienced an increase of 0.8%, while Credit Agricole saw a rise of 0.9%.
  • STMicroElectronics, TotalEnergies, Accor, Dassault Systemes, Airbus, Sanofi, ArcelorMittal, Orange, and Hermes International experienced an increase ranging from 0.3% to 0.7%.

EssilorLuxottica, Capgemini, Bureau Veritas, Schneider Electric, Air Liquide, and Carrefour exhibited modest declines earlier. Meanwhile, the yield on France’s 10-year Government Bonds increased to 3.545% today.