French Stocks Hit Record Peak
2026-08-04 07:38
By
Czyrill Jean Coloma
1 min. read
The CAC 40 rose 0.4% to 8,647 on Tuesday, extending its winning streak to a fourth session and hitting a fresh record high as easing pressure from the recent AI-driven selloff helped improve global market sentiment.
Investors also looked ahead to a fresh round of corporate earnings and key economic data releases.
In France, the state budget deficit widened to EUR 106.8 billion in January–June 2026 from EUR 100.4 billion in the same period a year earlier, with general budget revenues increasing 3.7% year-on-year to EUR 184.6 billion, while expenditures rose 5.4% to EUR 240.5 billion.
Industrial and technology heavyweights led the advance, with shares of Schneider Electric up 2.9%, Airbus gaining 1.7%, Safran rising 1.3%, Thales adding 2.1%, and STMicroelectronics climbing 2.2%.
In contrast, LVMH (-0.8%), L'Oréal (-1.2%), and TotalEnergies (-0.3%) underperformed the broader market.