Paris Stocks Edge Lower on Corporate Updates and Fed Caution
2025-10-29 08:47
By
Joana Ferreira
1 min. read
The CAC 40 edged down 0.1% to close at 8,210 on Wednesday, hovering near a one-week low as investors digested a fresh batch of corporate earnings.
Shares of French manufacturer Bic plunged 6.1% after the company cut its 2025 forecasts for sales, operating margin, and cash flow growth, citing weaker-than-expected third-quarter performance.
Sopra Steria slipped 2% after reporting a nearly 3% organic decline in revenue for the same period.
Among major laggards on the index, Thales, Air Liquide, Dassault Systemes, and Pernod Ricard each lost around 2%.
On the upside, Stellantis rose 2.1%, buoyed by stronger-than-expected margins reported by rival Mercedes-Benz in its automotive division.
Looking ahead, market attention turns to the Federal Reserve’s policy decision due later today, with policymakers widely expected to deliver a second rate cut of the year amid signs of a cooling labor market and a smaller-than-expected increase in inflation.