The CAC 40 closed 0.7% up at 6,734, the highest in over 6 weeks, in line with its European peers, with investors cheering positive third quarter corporate results and Evergrande’s remittance of its debt. L’Oreal rose 5.1% after confirming a strong Q3 performance, particularly in Asia, while Vivendi advanced 1.2% backed on surpassing growth expectations, driven by Canal Plus sales. At the same time, Sanofi rose 1.4% following phase 3 success of its new drug, Dupixent. Furthermore, Renault unexpectedly rebounded from early losses this session following the announcement that the car manufacturer would cut output by 500,000 cars this year to maintain the firm’s profit outlook due to higher car prices and cost cuts.
Historically, the France Stock Market Index (FR40) reached an all time high of 6944.77 in September of 2000. France Stock Market Index (FR40) - data, forecasts, historical chart - was last updated on October of 2021.
The France Stock Market Index (FR40) is expected to trade at 6558.22 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 6046.80 in 12 months time.