CAC 40 Hits Two-Month High

2026-11-10 16:44 By Larissa Miranda 1 min. read

The CAC 40 rose 0.6% to close at 8,279 on Tuesday, its highest level since early September, extending gains from the previous session as oil prices fell and AI-related stocks rebounded.

Brent crude dropped below $90 for the first time since August after President Trump said the Iran war could end fairly soon and played down new strikes.

Legrand rose 1.2% and STMicroelectronics 0.9% as AI-related stocks rebounded, while Safran jumped 2.4%, Thales added 1.9% and Airbus gained 1.7%.

Banks also advanced, with Société Générale up 2.5%, BNP Paribas 2.2% and AXA 2.0%.

In contrast, EssilorLuxottica fell 1.4%, Stellantis 3.4% and Dassault Systèmes 1.6%, while TotalEnergies lost 0.8% as oil prices declined.

On the economic front, US consumer prices rose 0.4% in October, above the 0.3% expected, reinforcing bets on a Fed rate hike in December.



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The CAC 40 rose 0.6% to close at 8,279 on Tuesday, its highest level since early September, extending gains from the previous session as oil prices fell and AI-related stocks rebounded. Brent crude dropped below $90 for the first time since August after President Trump said the Iran war could end fairly soon and played down new strikes. Legrand rose 1.2% and STMicroelectronics 0.9% as AI-related stocks rebounded, while Safran jumped 2.4%, Thales added 1.9% and Airbus gained 1.7%. Banks also advanced, with Société Générale up 2.5%, BNP Paribas 2.2% and AXA 2.0%. In contrast, EssilorLuxottica fell 1.4%, Stellantis 3.4% and Dassault Systèmes 1.6%, while TotalEnergies lost 0.8% as oil prices declined. On the economic front, US consumer prices rose 0.4% in October, above the 0.3% expected, reinforcing bets on a Fed rate hike in December.
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