The CAC 40 Index Opens 0.10% Lower

The CAC 40 edged down 0.2% to 8,345 on Friday, halting a four-day winning streak as rising crude prices and elevated bond yields soured risk appetite. Oil prices held firm after US President Donald Trump stated Washington no longer required an agreement with Iran, dimming prospects for a diplomatic de-escalation. Meanwhile, bond yields remained elevated amid persistent inflation concerns and hawkish Federal Reserve remarks, with traders increasingly bracing for a more prolonged period of tight monetary policy. In France, annual inflation accelerated to 3.4% in October from 3.1% in September, marking its fastest clip since December 2023. Luxury stocks were among the biggest laggards, with LVMH falling 1.1%, Hermès dropping 1.8%, and Kering losing 2%. In contrast, TotalEnergies advanced 1.2%. Despite Friday’s pullback, the CAC 40 remained on track for a third consecutive week of gains.

The CAC 40 Index is losing 8 points. Losses were led by Safran (-1.86%), Kering (-1.71%) and ArcelorMittal (-1.70%). Offsetting the fall, top gainers were TotalEnergies SE (1.04%), Danone (0.96%) and Essilor (0.86%).

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%).