Following a stable beginning, the benchmark CAC 40 of the French stock market continues to maintain a solid position in positive territory on Wednesday morning. The sentiment in the market exhibited a degree of caution as investors anticipated an imminent meeting involving U.S., Greenlandic, and Danish officials to deliberate on the future of the Arctic island. Markets are anticipating the U.S. Supreme Court’s decision regarding the reciprocal tariff enacted by President Donald Trump.
The index, having risen to 8,396.72, recorded an increase of 35.70 points or 0.43% from the previous level of 8,382.90. Vinci experienced an increase of nearly 1%. The company announced that it has secured a contract worth 237 million euros from Syctom for the renovation of a waste-treatment facility located near Paris.
- EssilorLuxottica experienced an increase of 2.7%, while Orange saw a rise of 2.3%.
- Bouygues, Hermes International, Societe Generale, Sanofi, Veolia Environment, and Saint Gobain experienced increases ranging from 1.2% to 1.7%.
- BNP Paribas, Air Liquide, Engie, L’Oreal, and ArcelorMittal experienced modest increases in their valuations.
- SCOR, the reinsurer, experienced a decline of nearly 1% in its shares following the appointment of Philipp Ruede as the group chief financial officer.
Thales experienced a decline of approximately 1.4%. STMicroElectronics, Pernod Ricard, Eurofins Scientific, and Capgemini saw losses ranging from 1% to 1.2%, while Dassault Systemes, Publicis Groupe, AXA, and Airbus decreased by 0.4% to 0.8%.