Paris CAC 40 Hits Highest Since March
2025-10-03 08:01
By
Dongting Liu
1 min. read
The Paris CAC 40 added 0.2% to around 8,070, its highest since late March, lifted by gains in bank shares.
Sentiment was boosted after the Financial Times reported the EU may lift sanctions on assets linked to Russian oligarch Oleg Deripaska to compensate Austrian lender Raiffeisen.
BNP Paribas rose 1.3%, Societe Generale 1.2%, and Credit Agricole 0.8%.
Elsewhere, Legrand advanced 0.8% after announcing the acquisition of Avtron Power Solutions to expand its data center footprint, while Saint-Gobain slipped 0.3% after agreeing to sell its Brazilian retailer Tumelero to GG10, with the deal expected to close by end-2025 pending approval.
For the week, the CAC is on track to gain over 2% as weaker-than-expected US jobs data bolstered expectations of a Federal Reserve rate cut later this month.