Following the release of domestic and Eurozone economic statistics, the CAC 40 closed at 8,279 on Friday, a 0.1% decline. In July, retail sales in the Eurozone experienced a decline of 0.6%, contrasting with a modest increase of 0.2% in June and falling short of market forecasts that anticipated a 0.3% uptick. Luxury stocks exhibited a mixed performance, as Hermes declined by 1.6% and LVMH experienced a decrease of 0.4%. In contrast, L’Oréal saw an increase of 1.4%, while Kering inched up by 0.2%.

France’s construction activity experienced its most significant decline since May 2020, whereas overall Eurozone construction activity decreased at a quicker rate than in July. Despite this, Vinci experienced an increase of 0.7%, whereas Eiffage saw a decline of 0.3%. TotalEnergies exerted downward pressure on the index, declining by 2.5% in response to a pullback in oil prices. Dassault Systèmes experienced a decline of 6.5%, reflecting the broader weakness observed among AI-exposed hyperscalers on Wall Street.

Industrials exhibited a predominantly upward trend. Legrand experienced a 3.3% increase following Deutsche Bank’s adjustment of its price target from €150 to €160. STMicroelectronics experienced a 1.8% increase, reflecting the positive momentum observed among US chipmakers. The index experienced a decline of 1.3% over the course of the week.