CAC 40 Set to Extend Winning Streak

2026-11-12 15:29 By Isabela Couto 1 min. read

The CAC 40 advanced 0.2% to above 8,000 on Thursday, extending its winning streak to a fourth consecutive session and reaching its highest level since late August.

European equities were boosted by strong corporate earnings and a rotation away from AI-linked stocks in Asia and the US following the resignation of Nvidia's cofounder Jensen Huang as CEO amid allegations regarding his ties to a suspected Chinese spy.

Investors moved into defensive stocks, including European healthcare and consumer sectors.

Sanofi rose over 1.5%, while luxury shares gained, with LVMH and Hermes up nearly 0.5% each.

TotalEnergies added over 1% after a sharp Q3 cash-flow increase.

In contrast, defense stocks declined on hopes for advancing Middle East peace negotiations; Airbus dropped more than 1.5% and Thales shed over 1%.

Tech stocks also fell, tracking Wall Street amid the Nvidia turmoil, with STMicroelectronics losing over 1%.



News Stream
CAC 40 Set to Extend Winning Streak
The CAC 40 advanced 0.2% to above 8,000 on Thursday, extending its winning streak to a fourth consecutive session and reaching its highest level since late August. European equities were boosted by strong corporate earnings and a rotation away from AI-linked stocks in Asia and the US following the resignation of Nvidia's cofounder Jensen Huang as CEO amid allegations regarding his ties to a suspected Chinese spy. Investors moved into defensive stocks, including European healthcare and consumer sectors. Sanofi rose over 1.5%, while luxury shares gained, with LVMH and Hermes up nearly 0.5% each. TotalEnergies added over 1% after a sharp Q3 cash-flow increase. In contrast, defense stocks declined on hopes for advancing Middle East peace negotiations; Airbus dropped more than 1.5% and Thales shed over 1%. Tech stocks also fell, tracking Wall Street amid the Nvidia turmoil, with STMicroelectronics losing over 1%.
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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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