CAC 40 reaches a two-week peak

Trading Journal

France’s equity benchmark CAC 40 reached a two-week high Thursday morning as investors responded to a new set of corporate earnings reports and anticipated the European Central Bank’s monetary policy announcement scheduled for later in the day. The ECB is widely anticipated to maintain its current interest rates. Comments from ECB President Christine Lagarde are being closely monitored for insights into the central bank’s potential future actions.

The Federal Reserve maintained its interest rate at the same level on Wednesday. The U.S. PCE data scheduled for release later today may offer insights into the forthcoming policy decisions of the central bank. The CAC 40, which advanced to 7,976.08, was up 76.14 points or 0.97% at 7,963.10 nearly half an hour past noon.

  • Renault experienced a 7.3% increase following the announcement of a 1.4% rise in third-quarter revenue, which reached €11.596 billion, surpassing expectations. Looking ahead, for fiscal 2026, Renault maintains its expectation of an operating margin of approximately 5.5% of the Group revenue.
  • TotalEnergies experienced an increase of 1.3%. The company’s third-quarter bottom line was reported at $8.263 billion, translating to $3.66 per share, in contrast to $3.683 billion, or $1.64 per share, from the previous year.
  • Dassault Systemes experienced an increase of nearly 4%. Air Liquide experienced an increase of 3.2%. Airbus experienced an increase of nearly 3%. Danone experienced a notable increase of 2.5%.
  • ArcelorMittal, Accor, Thales, STMicroelectronics, L’Oreal, Publicis Groupe, Hermes International, Kering, Euronext, and Orange experienced gains ranging from 1% to 1.8%.

French engineering and technology company Technip Energies experienced a notable increase of 7% following its third-quarter results, which surpassed core profit expectations despite a shortfall in revenue. Stellantis experienced a decline of nearly 3%. Carrefour and Pernod Ricard experienced declines of 0.7% and 0.4%, respectively. BNP Paribas and Bureau Veritas experienced a slight decline.