The CAC 40 ended 0.9% lower at 6,031.48, erasing its last session’s rebound as the central bank’s determination to fight inflation revived concerns of slowing global growth, overshadowing the optimism over China’s gradual reopening from covid lockdowns. Biggest declines came from the technology and automotive sectors. Renault fell 5.57% and Stellantis 2.81%. Among technology, Eurofins scientific lost 4.93% and Capgemini 3.26%. Commercial real estate stocks also dragged, led by Unibail-Rodamco-Westfield (-4.1%), tracking a fall in European office properties stocks amid downgradings from BofA analysts. Against the trend, Total Energies rose 0.61% amid higher crude oil prices and upbeat ratings from Bernstein.
Historically, the France Stock Market Index (FR40) reached an all time high of 7385.69 in January of 2022. France Stock Market Index (FR40) - data, forecasts, historical chart - was last updated on June of 2022.
The France Stock Market Index (FR40) is expected to trade at 5855.92 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 5249.20 in 12 months time.