CAC 40 Starts the Week in the Red
2025-11-24 16:50
By
Felipe Alarcon
1 min. read
The CAC 40 fell 0.3% to close at 7,960 on Monday as defense equities fell on hopes of diplomacy progress in the Ukraine-Russia war, outweighing confidence that US rate cuts are likely.
Defence names lagged as US and Ukrainian efforts to negotiate an end to the war reduced demand visibility for military suppliers, pushing Safran and Thales down 2.4% and 1.5%, respectively.
Pernod Ricard fell 0.6% on its ex-dividend date for €2.35 per share which is part of an annual payout of €4.70.
On the other hand, reports that US officials may permit NVIDIA to sell H200 AI chips to China lifted technology names, with STMicroelectronics up 1.7% and Dassault Systèmes up 1.2%.
Banking stocks also contributed after BNP Paribas unveiled a €1.15 billion share buyback programme for 2025.
Stellantis climbed 3.6% on the announcement that Jon Nelson will return as Head of Financial Services and Leasing Companies in January 2026.