CAC 40 Starts the Week in the Red
The CAC 40 index fell 0.1% to 8,110, marking its lowest level since mid-October. This decline follows a week of significant corporate updates and central bank decisions, with the ECB maintaining rates and the Federal Reserve adopting a cautious stance. Key stocks included BNP Paribas and Hermès, which dropped 1.6% and 1.5%, while Renault rose 2.2% after a partnership deal with Geely. Orange remained unchanged after a €4.25 billion agreement to acquire the rest of its Spanish joint venture.
The CAC 40 fell 0.1% to close at 8,110 in the first trading session of November, its lowest level since mid-October, as markets paused after a packed week of corporate updates, central bank decisions and a US–China trade truce.
The ECB held rates steady and kept its inflation outlook intact, while the Federal Reserve struck a more cautious tone that dented bets on a December rate cut.
Market participants are now focused on this week’s ADP employment report for further clues on US labour conditions.
Among stocks, BNP Paribas and Hermès led losses, down 1.6% and 1.5% respectively, while Renault gained 2.2% after finalising an expanded strategic partnership with Geely in Brazil.
Orange was flat after announcing a non-binding agreement with Lorca to buy the remaining 50% of its Spanish joint venture MasOrange for €4.25 billion in cash.
