The CAC 40 traded around the flatline on Monday, as traders adopted a cautious stance ahead of earnings reports, particularly from LVMH, and the ECB’s upcoming monetary policy decision, with expectations of a 25 bps rate cut. On the corporate front, aerospace and defense stocks outperformed, with Thales gaining 1.5%, Safran up 1%, and Airbus rising 0.9%. Conversely, the luxury sector struggled, with shares of Kering down 3%, LVMH losing 2.4%, and both L’Oréal and Hermès falling 0.8%, as sentiment dampened due to insufficient details on new stimulus efforts in China, a key market for the sector.
The main stock market index in France (FR40) increased 59 points or 0.78% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks this benchmark index from France. Historically, the France Stock Market Index (FR40) reached an all time high of 8259.20 in May of 2024. France Stock Market Index (FR40) - data, forecasts, historical chart - was last updated on October 14 of 2024.
The main stock market index in France (FR40) increased 59 points or 0.78% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks this benchmark index from France. The France Stock Market Index (FR40) is expected to trade at 7465.07 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 7004.51 in 12 months time.