The CAC 40 Index Opens 0.06% Higher

The CAC 40 rose 0.4% to 7,860 on Tuesday, extending gains for a third consecutive session as lower oil prices and bond yields supported sentiment, helping offset growing concerns over AI valuations. Investors increasingly doubt the return-on-investment timelines for massive corporate capital expenditures in AI amid elevated borrowing costs. Gains were led by Société Générale (1.8%), L’Oréal (1.3%), Danone (1.3%), Orange (1.3%), and EssilorLuxottica (1.2%). In contrast, semiconductor giant STMicroelectronics bore the brunt of a broader tech retreat, falling 4.7%. Meanwhile, LVMH fell 1.0% after reporting weaker-than-expected third-quarter organic sales, weighed down by subdued demand in China. Hermès (-0.8%) and Kering (-0.2%) also fell, as LVMH’s performance, widely viewed as a bellwether for the luxury sector, fueled doubts about the strength of the broader recovery.

The CAC 40 Index is gaining 5 points or 0.06 percent on Tuesday. Leading the gains are Pernod Ricard (2.53%), Veolia (1.85%) and Societe Generale (1.84%). Top losers are STMicroelectronics (-4.83%), LVMH (-1.53%) and Hermes International (-1.37%).

The CAC 40 Index went up by 19 points or 0.24 percent on Monday to close at 7822 points. The rise was led by Hermes International (2.32%), Dassault Systemes (1.93%) and Publicis (1.91%). On the downside, the weakerst performers were STMicroelectronics (-2.37%), Stellantis NV (-1.31%) and Orange (-1.01%).