French Stocks Extend Gains

2026-10-15 07:51 By Czyrill Jean Coloma 1 min. read

The CAC 40 rose 0.3% to 7,896 on Thursday, extending gains from the previous session despite a deepening global selloff in technology and artificial intelligence stocks.

The sector came under pressure as concerns over AI-related valuations and the sustainability of heavy infrastructure spending weighed on sentiment.

Inflation also remained in focus following stronger-than-expected US data.

Domestically, annual inflation rate was revised up to 3.1% in September 2026 from a preliminary estimate of 3.0%, accelerating from 2.4% in August and reaching its highest level since January 2024.

On the corporate front, Pernod Ricard climbed 3.4% after reporting a smaller-than-expected 0.9% decline in first-quarter fiscal 2027 sales, as weak demand and destocking in China and the United States were partly offset by strong demand in India.

On the downside, Schneider Electric fell 5% and STMicroelectronics plunged 7.2%, making them among the session’s worst performers.



News Stream
French Stocks Extend Gains
The CAC 40 rose 0.3% to 7,896 on Thursday, extending gains from the previous session despite a deepening global selloff in technology and artificial intelligence stocks. The sector came under pressure as concerns over AI-related valuations and the sustainability of heavy infrastructure spending weighed on sentiment. Inflation also remained in focus following stronger-than-expected US data. Domestically, annual inflation rate was revised up to 3.1% in September 2026 from a preliminary estimate of 3.0%, accelerating from 2.4% in August and reaching its highest level since January 2024. On the corporate front, Pernod Ricard climbed 3.4% after reporting a smaller-than-expected 0.9% decline in first-quarter fiscal 2027 sales, as weak demand and destocking in China and the United States were partly offset by strong demand in India. On the downside, Schneider Electric fell 5% and STMicroelectronics plunged 7.2%, making them among the session’s worst performers.
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The CAC 40 Index is up by 12 points or 0.15 percent on Thursday. Top gainers are Pernod Ricard (3.13%), Carrefour (2.75%) and Orange (2.57%). Biggest losses came from STMicroelectronics (-7.20%), Legrand (-4.89%) and Schneider Electric (-4.43%).
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