CAC 40 Hits New Record High

Kering

In light of persistent concerns regarding global trade tariffs, market sentiment continues to exhibit resilience, resulting in an upward movement of the CAC 40 index from the record high achieved on Friday. Following the U.S. Supreme Court’s order on Friday, the Trump administration announced temporary tariffs, thereby renewing global uncertainty. The CAC 40 benchmark, which monitors the 40 largest French stocks listed on Euronext Paris, reached a record peak of 8,532.77 on Monday, subsequently declining to its present value of 8,516.01. At present levels, the index has experienced an increase of 4.45 percent over the preceding year.

The CAC 40 is presently at 8,516.01, reflecting a marginal increase of 0.01 percent from the prior close of 8,515.49. In the current climate of subdued sentiment, 20 securities within the 40-stock index are positioned below the flatline.

  • Kering led the gains with an increase of 4.1 percent.
  • LVMH recorded an increase of 2.3 percent.
  • ArcelorMittal, Societe Generale, and Carrefour experienced an increase of approximately 2 percent.
  • Pernod Ricard experienced a decline exceeding 4 percent.
  • Thales experienced a decline of 3.8 percent.
  • Danone experienced a decline of 2.1 percent, while Airbus saw a reduction of 1.7 percent.

The resurgence of uncertainty regarding trade tariffs has led to an increased demand for safe-haven assets, consequently causing a worldwide decrease in bond yields. Simultaneously, yields on France’s 10-year bonds decreased by 0.03 percent to 3.301 percent, compared to the previous close of 3.302 percent. During the day’s trading, yields fluctuated between 3.308 percent and 3.292 percent.

The U.S. Dollar is experiencing a decline, as evidenced by the 6-currency Dollar Index, which stands at 97.68, reflecting a decrease of 0.12 percent from the prior close of 97.80. The EUR/USD pair has increased by 0.08 percent, reaching a level of 1.1792. The pair fluctuated within the bounds of 1.1835 and 1.1791. The EUR/GBP pair is currently positioned at 0.8733, reflecting a decline of 0.06 percent from the baseline level. The EUR/JPY pair has experienced a decline of 0.07 percent, currently trading at 182.57.