CAC 40 Jumps 1% as Stocks Surge on Eased Trade War Worries

CAC 40 Futures

French stocks experienced an increase on Thursday, building on the upward momentum observed in late afternoon trading during the prior session. This rise comes as concerns regarding a trade war diminish following U.S. President Donald Trump’s address at the World Economic Forum in Davos, Switzerland. Donald Trump has decided against implementing tariffs on eight European nations and has dismissed the option of using military action to acquire Greenland.It is unlikely that we will achieve any results unless I opt to employ considerable strength and force, at which point we would, quite frankly, be unstoppable. However, I will refrain from doing so. Is that acceptable? Trump stated during his address at the World Economic Forum in Davos, Switzerland, on Wednesday.

Instead of resorting to military action, Trump advocated for “immediate negotiations” with Denmark to “discuss the acquisition of Greenland by the United States.” NATO Secretary General Mark Rutte stated that he had a highly productive meeting with Trump on the sidelines of the World Economic Forum in Davos regarding NATO. Allies can collaborate to guarantee Arctic security, encompassing not only Greenland but also the seven NATO countries with territory in the Arctic. Equities within the financial and luxury sectors demonstrated notable appreciation. The benchmark CAC 40, which advanced to 8,186.37 earlier, was up 84.54 points or 1.05% at 8,153.71 nearly half an hour past noon.

  • ArcelorMittal, the leading performer in the benchmark index, experienced an increase of approximately 4.5%.
  • Eiffage, STMicroElectronics, Michelin, Danone, and Veolia Environment experienced an increase ranging from 2.5% to 3.1%.
  • Thales experienced a decline of 2.5%. Orange experienced an increase of 3.6%, while Bouygues saw a rise of approximately 2.5%.
  • EssilorLuxottica experienced a decline of approximately 0.6%, whereas TotalEnergies, Dassault Systemes, and Renault recorded slight losses.

Orange and Bouygues, together with Iliad’s Free, have announced that they are engaged in negotiations with Altice Group regarding the acquisition of a significant portion of its telecommunications operations in France. BNP Paribas, Vinci, Societe Generale, Capgemini, Schneider Electric, Unibail Rodamco, Kering, Engie, Publicis Groupe, Eurofins Scientific, LVMH, AXA, Euronext, Hermes International, and Stellantis experienced an increase of 1 to 2%.