CAC 40 Rebounds to 2-Week High

2026-02-02 16:55 By Felipe Alarcon 1 min. read

The CAC 40 rose 0.7% to close at 8,181 on Monday, recovering to a two-week high as gains in financials, industrials and defensives offset renewed weakness in luxury and energy stocks.

Banks led the advance, with BNP Paribas, Société Générale and Crédit Agricole up between 1.2% 2.6%, supported by higher global yields and expectations that US monetary policy may remain restrictive for longer, a backdrop that tends to favour net interest margins.

Industrial and capital goods names such as Schneider Electric (1.8%), Safran (0.4%), Saint-Gobain (1.4%), and Bouygues (2.2%) also outperformed, reflecting continued confidence in aerospace, electrification and infrastructure demand.

In contrast, heavyweight luxury stocks weighed on the index, with LVMH (-1.6%) and Kering (-2.6%) extending declines amid ongoing concerns over subdued Chinese demand and valuation compression after last year’s rally.

TotalEnergies slipped 0.9% alongside softer oil prices, limiting broader gains.



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The CAC 40 rose 0.7% to close at 8,181 on Monday, recovering to a two-week high as gains in financials, industrials and defensives offset renewed weakness in luxury and energy stocks. Banks led the advance, with BNP Paribas, Société Générale and Crédit Agricole up between 1.2% 2.6%, supported by higher global yields and expectations that US monetary policy may remain restrictive for longer, a backdrop that tends to favour net interest margins. Industrial and capital goods names such as Schneider Electric (1.8%), Safran (0.4%), Saint-Gobain (1.4%), and Bouygues (2.2%) also outperformed, reflecting continued confidence in aerospace, electrification and infrastructure demand. In contrast, heavyweight luxury stocks weighed on the index, with LVMH (-1.6%) and Kering (-2.6%) extending declines amid ongoing concerns over subdued Chinese demand and valuation compression after last year’s rally. TotalEnergies slipped 0.9% alongside softer oil prices, limiting broader gains.
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