The CAC 40 increased by 0.7% to 8,339 on Wednesday, marking its third consecutive session of gains and achieving its highest level since September. The rally reflected broader strength across global equities, fuelled by a surge in technology stocks following Core.
Weave’s optimistic perspective alleviated concerns regarding a potential AI market bubble, alongside increasing excitement for Anthropic PBC’s forthcoming IPO. Sentiment was further buoyed by a reduction in geopolitical tensions following remarks from US Secretary of State Marco Rubio at a G7 gathering in Paris, where he indicated that Washington perceived “no need for major combat operations” in Iran.
Semiconductor manufacturer STMicroelectronics led the market with a 4.1% increase, complemented by robust performances from Schneider Electric at 2.4%, Legrand at 2.1%, and TotalEnergies at 1.2%. In contrast, Essilor declined by 1.8%, ENGIE by 0.2%, and Danone also by 0.2%, marking them as some of the few decliners.
