CAC 40 Sets Historic High
2026-02-25 16:53
By
Felipe Alarcon
1 min. read
The CAC 40 rose 0.5% to close at 8,559 on Wednesday, hitting a record high as global sentiment improved amid easing concerns over AI disruptions, offsetting pressure on the luxury sector.
Attention remained on upcoming earnings from US chipmaker Nvidia, a key gauge of AI-driven demand.
Meanwhile, investors assessed remarks from President Donald Trump during his State of the Union address, where he proposed using tariff revenues to eventually replace income taxation.
Domestically, the consumer confidence indicator stood at 91.
Banking stocks were the standout performers, with Société Générale jumping 3.2%, Crédit Agricole advancing 2.8%, and BNP Paribas gaining 2%.
In contrast, significant losses were seen in Pernod Ricard (-7.9%) after double-digit sales collapses in China and the US, aggressive distributor destocking, and mounting margin fears surrounding the potential escalation of global trade tariffs.
Meanwhile luxury giants LVMH, Hermes, and L'Oréal fell between 0.9% and 1.6%.