French Stocks Fall, Still Set for Weekly Gains
2026-02-13 08:54
By
Czyrill Jean Coloma
1 min. read
The CAC 40 fell 0.5% to 8,303 on Friday, reversing gains from the previous session as weakness in luxury stocks weighed on the French benchmark index.
L'Oréal slumped 6.7% to a more than one-month low after reporting softer-than-expected Q4 sales amid continued weakness in Chinese demand.
The disappointing update spilled over to peers, with LVMH declining 1.1%, Hermès falling 1.6%, and Kering dropping 1.1%.
In contrast, Capgemini gained 2.4% after posting solid full-year revenue growth and issuing upbeat 2026 guidance focused on AI.
The gains came despite renewed selling pressure in technology stocks, amid growing concerns about the long-term sustainability of heavy investment in artificial intelligence.
In addition, Safran surged 7.1% to an all-time high after reporting record revenue and profit for 2025 and raising its 2028 financial targets.
Despite Friday’s pullback, the CAC 40 remains on track to post a second consecutive weekly gain.