Robust corporate performance propelled the CAC 40 benchmark, which monitors the 40 largest French stocks listed on Euronext Paris, to achieve an unprecedented peak. The earnings increase overshadowed recent concerns regarding a potential disruption in the technology sector driven by artificial intelligence.

The CAC 40 benchmark is presently at 8,382.67, reflecting an increase of 0.84 percent from the prior close of 8,313.24. The trading range for the day has fluctuated between 8,355.30 and 8,437.35. In the context of prevailing optimism, merely 11 securities within the 40-stock index are currently positioned below the flatline.

• Legrand led the gains with an increase of 6.3 percent, driven by robust financial results.
• Michelin and EssilorLuxottica both recorded increases exceeding 5 percent.
• Stellantis experienced an increase of 3.1 percent.
• Sanofi experienced a decline exceeding 6 percent, whereas Engie saw a reduction of 2.7 percent.

In accordance with the subdued global trend, bond yields in France have also experienced a decline. The yields on France’s 10-year bonds decreased by 0.15 percent, settling at 3.379 percent, compared to the previous close of 3.383 percent. Yields fluctuated between 3.396 percent and 3.370 percent.

The dollar exhibited weakness despite the release of payroll additions that surpassed expectations and an unemployment rate that fell short of forecasts in the U.S. While the six-currency Dollar Index experienced a slight decline of 0.01 percent to 96.83, the EUR/USD pair has seen an increase of 0.08 percent, reaching 1.1880. The pair fluctuated within the bounds of 1.1888 and 1.1852. The EUR/GBP pair is currently positioned at 0.8709, reflecting a decline of 0.02 percent from the baseline. The EUR/JPY pair has experienced a modest increase of 0.05 percent, currently trading at 182.05.