CAC 40 Hits 4-Month High

2026-07-03 16:03 By Isabela Couto 1 min. read

The CAC 40 rose 0.4% to close at 8,508 on Friday, extending the previous session's gains to its highest level since late February as weaker-than-expected US jobs data prompted investors to scale back expectations for Fed rate hikes.

US employment growth slowed sharply in June, while downward revisions to the prior two months pointed to a softer labor market, reinforcing expectations that the Fed will keep interest rates unchanged this month and possibly through September.

Meanwhile, eurozone inflation continued to ease toward the ECB's target in June, reducing pressure for further policy tightening.

Domestically, France's industrial production fell 0.1% month-on-month in May, outperforming expectations for a 0.4% decline.

Industrials led gains, with Schneider Electric rising 1.5%, Airbus adding 1.1%, and Safran advancing 1%.

In contrast, luxury stocks underperformed, with L'Oréal down 1.4% and Kering losing 1.6%.



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