The CAC 40 Index Opens 0.22% Higher

The CAC 40 rose 0.4% to 7,858 on Wednesday, rebounding from the previous session to reach a one-week high as investors drew support from dovish signals from the Federal Reserve ahead of key US inflation data. New York Fed President John Williams said one further rate hike may be warranted this year but signaled no need for additional increases in 2027, while emphasizing that the Fed should focus on “underlying trends” in inflation amid price shocks linked to energy and AI. In Europe, attention will turn to speeches by ECB officials, particularly President Christine Lagarde, alongside Elderson, Buch and Schnabel. On the corporate front, STMicroelectronics climbed 1.6%, tracking a broader tech-sector rally after ASML beat earnings and revenue forecasts and issued an upbeat Q4 sales outlook. Luxury stocks also advanced, including LVMH (1.9%), Hermès (2.3%) and Kering (1.5%), shrugging off LVMH's recent report of weaker organic sales growth amid subdued demand in China.

The CAC 40 Index is gaining 17 points or 0.22 percent on Wednesday. Leading the gains are Essilor (2.67%), Hermes International (2.06%) and STMicroelectronics (1.74%). Top losers are Edenred (-1.92%), Capgemini (-1.34%) and TP (-0.99%).

The CAC 40 edged down 0.1% to close at 7,828 on Tuesday as luxury stocks fell following a weaker-than-expected third-quarter performance from LVMH. LVMH slipped 0.1% after reporting softer organic sales, weighed down by subdued demand in China. Hermès dropped 1.9% after UBS cut its price target, while Kering shed 1.4% after TD Cowen lowered its target. STMicroelectronics fell 3.8%, tracking weakness among US chipmakers as investors increasingly question the return-on-investment timelines for massive AI-related capital expenditures amid elevated borrowing costs. Industrial stocks were mostly lower, with Safran down 1.8%, Airbus losing 0.9%, Vinci retreating 0.9% and Sanofi falling 1.2%. Credit Agricole shed 2.5% amid reports that it plans to launch a digital retail bank in Germany and acquire IKB. TotalEnergies rose 1.1% as oil prices remained elevated. Other outperformers included L’Oréal, up 1.1%, and Publicis, which gained 2.2%.