The CAC 40 Index closed 0.8% lower at 6,967 on Friday, ending a volatile week down 1.4%, as investors displayed extra caution amid prospects of faster monetary policy tightening. Industrial shares lost 1.6%, dragged by Alstom (-8.1%) after Exane BNP Paribas downgraded the train manufacturer’s recommendation to “neutral” from “outperforming”, while ArcelorMittal (-5.8%) also booked losses. On the other hand, LVMH gained 3.7% after posting strong corporate results. The luxury group recorded a turnover of EUR 64.2 billion, surpassing expectations of EUR 62 billion and up 44% from 2020 and 20% from 2019. On the data front, the French economy grew by 0.7% on the quarter during Q4, beating expectations of 0.5% and marking 7% growth during 2021, the highest since 1969.
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 January of 2022.
The France Stock Market Index (FR40) is expected to trade at 6831.79 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 6357.35 in 12 months time.