CAC 40 Continues to Fall

CAC Futures Updates

The CAC 40 benchmark, which monitors the 40 largest French stocks listed on Euronext Paris, experienced a decline on Wednesday as investors assessed the most recent corporate earnings reports. Market participants have shifted their attention to the upcoming U.S. jobs report scheduled for Wednesday morning, seeking clearer guidance on the Federal Reserve’s forthcoming actions.

The CAC 40 benchmark is presently at 8,317.55, reflecting a decline of 0.12 percent from the prior close of 8,327.88. The day’s trading range has fluctuated between 8,277.96 and 8,344.25. In the context of prevailing weak sentiment, merely 18 securities within the 40-stock index are currently trading above the flatline.

  • Schneider Electric led the gains, registering an increase of over 4 percent.
  • ArcelorMittal recorded an increase of 3.1 percent.
  • Legrand experienced an increase of 2.8 percent, while Bouygues recorded a gain of 2 percent.
  • Dassault Systemes experienced a decline exceeding 19 percent following an unsatisfactory earnings report.
  • Both Capgemini and Publicis Groupe have experienced a decline exceeding 4 percent.
  • Kering experienced a decline of 3.4 percent.

In accordance with the subdued global trend, bond yields in France have experienced a slight decline. The yield on France’s 10-year bonds decreased by 0.03 percent, settling at 3.400 percent, compared to the prior close of 3.401 percent. Yields fluctuated within the range of 3.415 percent to 3.387 percent. In light of concerns surrounding the upcoming job market report and the Federal Reserve’s monetary policy approach, the dollar has experienced a decline, resulting in a 0.23 percent decrease in the six-currency Dollar Index, now at 96.58.

In the context of the dollar’s depreciation, the EUR/USD pair has appreciated by 0.17 percent, reaching a level of 1.1914. The pair fluctuated within the bounds of 1.1928 and 1.1886. The EUR/GBP pair is currently at 0.8696, reflecting a decline of 0.24 percent from the previous level. As the yen appreciates, the EUR/JPY pair has decreased by 0.50 percent, currently positioned at 182.72.