French Stocks Start the Week Higher
2026-02-16 09:48
By
Joshua Ferrer
1 min. read
The CAC 40 rose 0.3% to above 8,330 on Monday, reversing losses from the previous session, with financials and luxury stocks leading the advance.
Banks and insurance stocks, which had been weighed down by AI worries, saw a boost as investor sentiment improved, including BNP Paribas and Societe Generale, up around 1.5% each.
Markets had been volatile amid concerns that new AI tools could hurt traditional business profits.
Still, a stronger-than-expected earnings season, even with steep US tariffs, pushed markets higher.
Additionally, luxury stocks advanced led by LVMH (1.7%), L’Oreal (2.7%), and Christian Dior (1.6%).
Tech shares were mostly higher, but STMicroelectronics and Safran fell around 1% each.
Looking ahead, aerospace and defense manufacturer Airbus is set to release its earnings report due later this week.
Eurozone industrial production is also expected to have risen 1.3% in December, slowing from November, as fiscal stimulus supports the sector.