CAC 40 Soars to New Heights

CAC Futures Updates

The CAC 40 benchmark, which monitors the 40 largest French stocks listed on Euronext Paris, reached an all-time high on Friday. Markets displayed resilience in the face of ongoing concerns regarding the tensions between the U.S. and Iran. Sentiment persisted in a positive light, even in the face of a manufacturing PMI that fell short of expectations, alongside a services PMI reading that exceeded forecasts in February. The index experienced an increase of nearly 1 percent on Thursday, with the year-over-year change surpassing 4.2 percent.

The CAC 40 index stands at 8,466.86, reflecting an increase of 0.81 percent from the prior closing figure of 8,398.78. The day’s trading range has fluctuated between 8,421.11 and an all-time high of 8,476.61. In the current optimistic environment, merely 9 securities within the 40-stock index are positioned below the flatline. In the context of an earnings boost, Air Liquide achieved a notable increase, rising by nearly 4 percent.

  • Euronext recorded an increase of 3.2 percent.
  • LVMH, Pernod Ricard, Saint Gobain, Renault, Hermes International, and Societe Generale all experienced increases exceeding 2 percent.
  • Orange experienced the most significant drop, declining by 1.2 percent.
  • TotalEnergies and Danone both experienced declines exceeding 1 percent.

As safe haven demand exerts downward pressure on bond yields worldwide, France has also experienced a decline in its bond yields. The yield on France’s 10-year bonds decreased by 0.39 percent, settling at 3.306 percent, compared to the prior closing level of 3.319 percent. Yields fluctuated between 3.318 percent and 3.302 percent during the day’s trading, reaching a six-month low.

The U.S. Dollar is experiencing a decline, as evidenced by the 6-currency Dollar Index, which stands at 97.90, reflecting a decrease of 0.03 percent from the prior close of 97.93. The EUR/USD pair has experienced a decline of 0.03 percent, now standing at 1.1768. The pair fluctuated within the bounds of 1.1776 and 1.1744. The EUR/GBP pair is currently positioned at 0.8733, reflecting a decline of 0.10 percent from the baseline. The EUR/JPY pair has experienced an increase of 0.14 percent, currently trading at 182.75.