CAC 40 Extends Gains To 3rd Straight Day, Rises Over 1%
(RTTNews) - French stocks are up in positive territory on Wednesday, extending gains to a third straight session, led by gains in financial and luxury sectors.
Expectations of an interest rate cut by the Federal Reserve next month, and hopes that the government shutdown in the U.S. will likely end this week help underpin sentiment.
The benchmark CAC 40 was up 85.51 points or 1.06% at 8,241.74 a few minutes ago.
Publicis Groupe is gaining 3.2%. BNP Paribas is up 2.5% and Schneider Electric is rising 2.3%, while Renault, LVMH, Stellantis, Legrand, Credit Agricole, STMicroElectronics, Hermes International, Societe Generale and Capgemini are up 1.6 to 2%.
Sanofi is gaining 1.1%. ArcelorMittal, Saint Gobain, AXA, EssilorLuxottica and Thales are also notably higher.
Shares of French voucher provider Edenred are down nearly 8% percent the company warned that it would cut its 2026 profit guidance.
Carrefour is down by about 0.5%, while Pernod Ricard is down marginally.
U.S. Dollar Falls Against Euro, Pound
Swiss Market Ends On Weak Note
European Markets Close Weak On Growth Concerns, Fading Fed Rate Cut Hopes
Canadian Market Rebounds From Early Setback; Technology, Energy Stocks Rise
Bay Street Likely To Open On Weak Note
FTSE 100 Down Sharply As Bond Yields Climb Higher
CAC 40 Sheds About 1.3% On Economic Concerns
