The CAC 40 Index Closes 0.34% Higher

The CAC 40 Index rose 28 points or 0.34 percent on Thursday to close at 8361 points. Leading the gains are Sanofi (1.97%), Capgemini (1.94%) and Dassault Systemes (1.78%). Top losers were Stellantis NV (-4.06%), Renault (-2.87%) and Essilor (-1.26%).

The CAC 40 advanced 0.3% to close at 8,361 on Thursday, extending its winning streak to a fourth consecutive session and reaching its highest level since late August. Equities were boosted by strong corporate earnings and investor rotation away from AI-linked stocks in Asia and the US following the resignation of Nvidia's cofounder Jensen Huang as CEO amid allegations of his relations with a Chinese spy. Investors have procured defensive stocks, including European healthcare and consumer-related sectors. In the health sector, Sanofi rose 2%. Luxury shares posted gains, with LVMH up 0.6%. TotalEnergies also gained 1.5% after a sharp third-quarter cash-flow increase. In contrast, defense-related stocks declined with hopes of advancing peace negotiations in the Middle East. Airbus dropped 1.2% and Thales shed 1.3%.

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.