French Stocks Hit Fresh 2-Month High

2026-11-11 08:45 By Czyrill Jean Coloma 1 min. read

The CAC 40 rose 0.7% to 8,339 on Wednesday, extending its winning streak to a third consecutive session and reaching its highest level since September.

The rally reflected broader strength across global equities, fueled by a surge in technology stocks following CoreWeave’s upbeat outlook, which helped assuage fears surrounding an AI market bubble, as well as growing anticipation for Anthropic PBC’s planned IPO.

Sentiment was further buoyed by cooling geopolitical tensions after US Secretary of State Marco Rubio told a G7 gathering in Paris that Washington saw "no need for major combat operations" in Iran.

Semiconductor maker STMicroelectronics spearheaded market gains with a 4.1% jump, alongside strong performances from Schneider Electric (2.4%), Legrand (2.1%), and TotalEnergies (1.2%).

In contrast, Essilor (-1.8%), ENGIE (-0.2%), and Danone (-0.2%) were among the few decliners.



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French Stocks Hit Fresh 2-Month High
The CAC 40 rose 0.7% to 8,339 on Wednesday, extending its winning streak to a third consecutive session and reaching its highest level since September. The rally reflected broader strength across global equities, fueled by a surge in technology stocks following CoreWeave’s upbeat outlook, which helped assuage fears surrounding an AI market bubble, as well as growing anticipation for Anthropic PBC’s planned IPO. Sentiment was further buoyed by cooling geopolitical tensions after US Secretary of State Marco Rubio told a G7 gathering in Paris that Washington saw "no need for major combat operations" in Iran. Semiconductor maker STMicroelectronics spearheaded market gains with a 4.1% jump, alongside strong performances from Schneider Electric (2.4%), Legrand (2.1%), and TotalEnergies (1.2%). In contrast, Essilor (-1.8%), ENGIE (-0.2%), and Danone (-0.2%) were among the few decliners.
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The CAC 40 Index went up by 65 points or 0.79 percent on Tuesday to close at 8299 points. The rise was led by Edenred (5.90%), ArcelorMittal (2.96%) and Accor (2.74%). On the downside, the weakerst performers were Stellantis NV (-3.29%), Dassault Systemes (-1.63%) and Essilor (-1.39%).
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CAC 40 Hits Two-Month High
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.
2026-11-10