CAC 40 Dips 0.5% Amidst Tepid Sentiment

Cac Futures

French stocks experienced a downward trend Wednesday morning, reflecting a rather subdued atmosphere in the abbreviated trading session, largely due to an absence of favorable news. As the New Year holiday approaches and geopolitical uncertainties persist, investors appear hesitant to engage in substantial transactions.

The benchmark CAC 40 experienced a decline of 44.49 points, reflecting a decrease of 0.54%, settling at 8,123.66 recently. The index has recorded a modest increase of approximately 0.3% in December, while it has surged nearly 10% over the past year.

  • Stellantis experienced a decline of 1.7%.
  • Societe Generale, STMicroElectronics, Capgemini, Publicis Groupe, Renault, and EssilorLuxottica saw losses ranging from 0.8% to 1.2%.
  • Schneider Electric, Saint Gobain, Unibail Rodamco, ArcelorMittal, and Bouygues experienced a decline.
  • Dassault Systemes, the sole beneficiary in the CAC 40 index, experienced an increase of approximately 0.4%.

The yield on Germany’s 10-year government bond decreased to 2.855% before making a slight upward adjustment to 2.860%, which reflects the prior closing level.