The CAC 40 Index Opens 0.36% Lower

The CAC 40 fell 0.4% to 8,295 on Wednesday, extending losses from the previous session, as investors weighed the latest batch of corporate earnings results. Dassault Systèmes plunged nearly 20% to its lowest level since January 2018 after missing Q4 revenue estimates and issuing weak guidance for 2026. Other notable decliners included LVMH (-0.7%), Airbus (-1.6%), and Thales (-1.7%). In contrast, TotalEnergies gained 1.6% to its highest level since July 2024, despite reporting Q4 earnings below forecasts. Meanwhile, investors assessed the evolving political landscape ahead of next year’s presidential election, with recent polls indicating that National Rally (RN) figures Jordan Bardella or Marine Le Pen could mount a credible bid for power. However, business leaders have expressed reservations, pointing to shifting positions on taxation and pensions, limited detail on corporate levies, unfunded spending proposals, and mixed signals from within the party’s leadership.

The CAC 40 Index is falling -30 points. Losses were driven by Dassault Systemes (-20.11%), Capgemini (-3.70%) and Kering (-3.30%). Biggest rises came from ArcelorMittal (2.58%), Bouygues (2.00%) and Carrefour (1.41%).

The CAC 40 Index rose 5 points or 0.06 percent on Tuesday to close at 8328 points. Leading the gains are Kering (10.18%), Stellantis NV (3.60%) and Pernod Ricard (3.38%). Top losers were AXA (-2.73%), Safran (-2.10%) and Thales (-1.79%).