The CAC 40 Index Closes 0.79% Higher

The CAC 40 Index rose 65 points or 0.79 percent on Monday to close at 8191 points. Leading the gains are Danone (4.31%), ArcelorMittal (3.94%) and TP (3.19%). Top losers were Kering (-1.77%), Pernod Ricard (-0.83%) and Eurofins Scientific SE (-0.79%).

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.

The CAC 40 index fell 0.3% to around 8,100 on Monday, reversing gains from the previous session, as a global risk-off wave swept through markets amid renewed concerns over elevated AI valuations and a sharp slide in commodity prices. Expectations that Fed nominee Kevin Warsh could adopt a hawkish stance lifted the dollar and put pressure on commodities. At the same time, reports that Nvidia’s $100 billion investment in OpenAI had stalled, with executives expressing doubts, added caution across tech stocks. Chipmaker STMicroelectronics led the losses, plunging around 4% to a two-week low, while LeGrand and Exosens dropped more than 1% each, dragging the broader sector lower. Oil producer TotalEnergies also went down 2.3%. Meanwhile, gains in luxury and insurance stocks limited the declines. Sentiment also found support after France’s manufacturing sector showed resilience, with the HCOB PMI rising to 51.2 in January, its highest reading since June 2022.