CAC 40 Advances as Luxury Stocks Gain

2026-08-06 16:14 By Isabela Couto 1 min. read

The CAC 40 rose 0.3% to close at 8,670 on Thursday, extending its winning streak to six sessions on gains in the luxury sector.

Luxury stocks rose after strong quarterly results from Chanel.

Hermès jumped 5.2% after being named a top sector pick by Berenberg.

Kering rose 1.9%, while LVMH (+0.4%) and L'Oréal (+0.5%) also advanced.

Meanwhile, private-sector payroll employment fell 0.1% quarter-on-quarter, or 19,300 jobs, to 21 million in the second quarter, in line with expectations.

Signs of a cooling labor market could support a more dovish stance from the ECB.

Financial stocks advanced, with BNP Paribas up 0.4% and AXA gaining 0.8%.

Also, the Construction PMI rose to a five-month high of 41.5 in July 2026 from 38.2 in June.

Vinci went up 0.6%, Bouygues gaining 0.8%, and Eiffage adding 0.5%.

TotalEnergies gained 1% on higher oil prices, while Safran (-0.9%) and Airbus (-1.2%) weighed on the index.

Unemployment and trade balance data will be released tomorrow.



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