The CAC 40 Index Closes 1.19% Higher

The CAC 40 Index rose 97 points or 1.19 percent on Monday to close at 8236 points. Leading the gains are STMicroelectronics (5.62%), Airbus (4.71%) and Legrand (3.78%).

The CAC 40 rose 1.2% to close at 8,233 on Monday, rebounding from Friday’s decline as fears over the tech-led sell-off eased and oil prices fell. Industrials were sharply higher as Airbus jumped 4.7%, while Safran, ArcelorMittal and Legrand gained 3.5%, 3.9% and 3.8%. Sanofi added 2.6% after BNP Paribas upgraded it to outperform. Société Générale rose 2.4%, while Crédit Agricole ended little changed after proposing to merge its Italian unit with Banco BPM. In contrast, LVMH lost 1.8% and Hermès fell 0.7% after Morgan Stanley cut price targets on major luxury stocks and soft Chinese consumer prices indicated continued weakness in luxury’s largest market. Oil prices dropped more than 3% as US President Trump was set to meet Qatar’s prime minister on efforts to end the Iran war, supporting broader shares but pressuring TotalEnergies to a 1.1% drop.

The CAC 40 rose 0.3% to 8,160 on Monday, as markets regained some footing following the recent global stock selloff triggered by concerns that a Democratic sweep in the US midterm elections could result in stricter AI regulations. Markets also found support from falling oil prices after US President Trump played down the prospect of further strikes on Iran, while investors assessed a fresh round of corporate updates. Defense stocks were among the top performers, with Airbus (1.4%) and Safran (+1.6%) advancing. Airbus launched a multi-year share buyback program of up to €5 billion through July 2029, while Safran was selected for three French nuclear deterrence programs and secured a contract to supply inertial navigation systems for the country's nuclear deterrent. In contrast, Crédit Agricole fell 1.4% after proposing to merge its Italian business with Banco BPM. Luxury stocks also weighed on the index, with LVMH (-2.1%), Hermès (-1.4%) and Kering (-1.3%) all trading lower.