CAC 40 Inches Higher in Week’s Final Session
2025-12-19 16:44
By
Dongting Liu
1 min. read
The CAC 40 edged up 0.2% to close at 8,170 on Friday, following a 0.8% gain the previous day, as gains in banks and select blue-chip stocks offset losses in the luxury sector.
Renault rose 1.2% after S&P Global upgraded its credit rating to BBB- from BB+, with a stable outlook.
Bank stocks were also higher, namely BNP Paribas (+0.9%), Societe Generale (+1.0%) and Credit Agricole (+0.8%).
On the other hand, Kering declined 1.6% following the announcement of a staged acquisition of Italian jeweler Raselli Franco, starting with a 20% stake for €115 million.
Other luxury stocks also lagged, with L’Oréal (-1.2%), Hermès (-1.8%), and LVMH (-0.4%) retreating.
Broader losses included ArcelorMittal (-1.5%), Capgemini (-1.2%), and Saint-Gobain (-0.9%).
Meanwhile, the Bank of France revised up its growth forecasts to 0.9% for 2025 (from 0.7%) and 1% for 2026 (from 0.9%), citing a recovery in household spending and investment, contingent on political uncertainty easing.