CAC 40 Rises as Euro Area Confidence Improves

2026-08-28 15:46 By Isabela Couto 1 min. read

The CAC 40 rose 1% to close at 8,401 on Friday following the release of domestic and euro area economic data.

Euro area consumer confidence edged up to -15.5, its highest level since February, while industrial confidence rose to -5.3, its highest since April 2023.

Service sector confidence also improved to 5.8, a seven-month high.

Meanwhile, France’s GDP grew 0.7% year-on-year in the second quarter of 2026, in line with forecasts.

Luxury stocks posted strong gains, with LVMH rising 2.7%, Hermes adding 2.7%, and Kering up 1.4%.

Industrial stocks were also mostly higher, with Schneider Electric gaining 1.8% and Air Liquide up 2.1%.

EssilorLuxottica rose 3.1% after announcing a share buyback program.

Financials advanced despite preliminary data showing French annual inflation accelerating to a three-month high of 2.4% in August, with BNP Paribas up 1.8%, AXA adding 1.8%, and Societe Generale rising 2.1%.

Fitch is due to release its assessment of France’s sovereign rating later in the day.



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