CAC 40 Retreats for 2nd Session
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The CAC 40 index fell 0.2% to 8,313, marking its second consecutive decline from record highs. Weakness in luxury stocks like LVMH (-1.9%) and Kering (-3.2%) due to profit-taking, along with a 3% drop in Thales after a downgrade, contributed to the decline. However, gains in Schneider Electric (1.4%), EssilorLuxottica (0.9%), and ENGIE (0.7%) provided some support. French inflation remained steady at 0.8% in December, indicating a stable policy environment but limited short-term growth for equities.
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