CAC 40 Closes at Record High
2026-02-17 16:57
By
Felipe Alarcon
1 min. read
The CAC 40 rose 0.5% to close at 8,362, matching its January 9th record high as strength in financials and rate-sensitive names offset mixed sector performance.
Banks led the advance, with BNP Paribas up 1.7%, Société Générale jumping 2.7%, and AXA adding 2.7%, supported by solid earnings momentum and a still-favorable rate backdrop.
Real estate stocks also outperformed, with Unibail-Rodamco up 3%, as easing inflation expectations reinforced the outlook for more accommodative financing conditions.
In luxury, LVMH gained 1.8% and L’Oréal rose 1.4%, counterbalancing a modest pullback in Hermès.
Industrial and defense names were softer, with Thales and Dassault Aviation down over 2% each.
While geopolitical developments, including US-Iran talks, remain on the radar, investors are primarily focused on upcoming final inflation readings for clearer signals on France’s economic and policy trajectory.