CAC 40 Soars to New Heights

CAC 40 Futures

Concerns regarding AI disruptions have diminished, coupled with a resurgence in risk appetite, propelling the CAC 40 benchmark, which monitors the 40 largest French stocks on the Euronext Paris scale, to a new high. The index reached a historic peak of 8556.89 earlier in the trading session. Data released earlier in the day indicated that the consumer confidence indicator in France registered 91 in February. Market participants had anticipated a figure of 90, aligning with the December benchmark.

The CAC 40 index is presently at 8,540.57, reflecting an increase of 0.25 percent from the prior closing value of 8,519.21. The day’s trading fluctuated within a range of 8,534.94 to 8,556.89. At present levels, the index has experienced a 6.1 percent increase over the previous year. In the context of the recent recovery, merely 16 securities within the 40-stock index are currently positioned below the flatline.

  • Bureau Veritas led the gains with an increase of 3.4 percent.
  • Societe Generale and BNP Paribas have both experienced an increase exceeding 2 percent.
  • Credit Agricole, Dassault Systemes, and Engie all experienced increases exceeding 1.5 percent.
  • Pernod Ricard experienced a downturn, registering a decrease of 3.3 percent.
  • LVMH and L’Oreal have both experienced a decline of over one percent.

Bond yields are presently exhibiting a varied performance on a global scale. Yields on France’s 10-year bonds have increased by 0.03 percent, now standing at 3.270 percent, compared to the prior close of 3.269 percent. Yields fluctuated between 3.276 percent and 3.266 percent during the trading session.

The U.S. Dollar is exhibiting strength, as evidenced by the 6-currency Dollar Index, which stands at 97.90, reflecting a 0.06 percent increase from the prior close of 97.84. The EUR/USD pair has appreciated by 0.07 percent, reaching a level of 1.1781. The pair fluctuated within the bounds of 1.1808 and 1.1772. The EUR/GBP pair is currently positioned at 0.8719, reflecting a decline of 0.08 percent from the baseline. In the context of the yen’s depreciation, the EUR/JPY pair has increased by 0.64 percent, currently trading at 184.68.