French Stocks Rise for 4th Straight Session

2026-11-12 08:52 By Czyrill Jean Coloma 1 min. read

The CAC 40 advanced 0.6% to 8,387 on Thursday, extending its winning streak to a fourth consecutive session and reaching its highest level since late August, as retreating oil prices bolstered European equities.

Crude prices remained under pressure after the US and Iran avoided further military escalation despite a persistent diplomatic deadlock, easing near-term energy cost concerns.

However, broader market sentiment remained guarded following reports that Nvidia board was weighing the removal of CEO Jensen Huang amid allegations of multiple affairs, reigniting concerns over an already fragile AI trade.

Most stocks traded in positive territory, led by luxury heavyweights LVMH (1.5%), Hermès (1.2%) and Kering (1.1%), alongside solid gains in AXA (1.4%), Danone (1.2%) and Pernod Ricard (1.1%).

Conversely, STMicroelectronics declined 2.5% amid a global semiconductor selloff.



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French Stocks Rise for 4th Straight Session
The CAC 40 advanced 0.6% to 8,387 on Thursday, extending its winning streak to a fourth consecutive session and reaching its highest level since late August, as retreating oil prices bolstered European equities. Crude prices remained under pressure after the US and Iran avoided further military escalation despite a persistent diplomatic deadlock, easing near-term energy cost concerns. However, broader market sentiment remained guarded following reports that Nvidia board was weighing the removal of CEO Jensen Huang amid allegations of multiple affairs, reigniting concerns over an already fragile AI trade. Most stocks traded in positive territory, led by luxury heavyweights LVMH (1.5%), Hermès (1.2%) and Kering (1.1%), alongside solid gains in AXA (1.4%), Danone (1.2%) and Pernod Ricard (1.1%). Conversely, STMicroelectronics declined 2.5% amid a global semiconductor selloff.
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The CAC 40 Index Opens 0.55% Higher
The CAC 40 Index is up by 46 points or 0.55 percent on Thursday. Top gainers are Sanofi (1.94%), LVMH (1.43%) and Michelin (1.43%). Biggest losses came from STMicroelectronics (-2.73%), ArcelorMittal (-1.29%) and TP (-1.01%).
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French Stocks Rise for a Third Session
The CAC 40 rose 0.7% to 8,333 on Wednesday, its highest level since August 31, extending gains for a third straight session as AI-related stocks rallied after upbeat outlooks from CoreWeave and Siemens Energy. Trading was subdued with France on a public holiday and no domestic data or earnings due. STMicroelectronics jumped 5.3%, Schneider Electric gained 3.1%, Legrand 2.1% and Capgemini 0.5%. TotalEnergies rose 1.3% as Brent crude rebounded above $93 after fresh attacks on shipping near the Strait of Hormuz. In contrast, EssilorLuxottica fell 2.4%, Unibail-Rodamco-Westfield 1.8% and Thales 1.1%. Meanwhile, investors weighed bets on a Fed rate hike in December.
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