French Stocks Track European Peers Higher

2026-11-04 08:57 By Czyrill Jean Coloma 1 min. read

The CAC 40 advanced 0.3% to 8,046 on Wednesday, rebounding from losses in the previous session and tracking a broadly positive mood across European markets following the US midterm elections.

The Democrats’ sweeping victory reflected voter dissatisfaction with economic pressures and the conflict in Iran, while raising expectations that the Trump administration could face greater constraints on its tax and spending plans.

Still, concerns over AI infrastructure earnings persisted as newly elected lawmakers voiced opposition to data center expansion.

Domestically, final estimates showed that the Composite PMI slipped to 46.6 in October from 51.1 in September, while the Services PMI fell to 46.2 from 51.2.

Banking stocks led the gains, with BNP Paribas (2.3%), Crédit Agricole (2.0%), and Société Générale (3.4%) posting strong advances.

Conversely, Thales (-3.7%), Dassault Systèmes (-2.1%), EssilorLuxottica (-1.6%), and L'Oréal (-0.3%) lagged.



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