FX.co ★ CAC 40 Pauses After Recent Gains

On Thursday, the CAC 40 index remained relatively stable, hovering around the 8,090 mark as investors took a breather following two consecutive days of gains that elevated French stocks to their highest point since November 17. The market sentiment was bolstered by the growing anticipation of a potential Federal Reserve interest rate cut next month. Investors were also keeping a close watch on the developments in the ongoing Russia-Ukraine peace talks, as well as key economic releases, notably the preliminary inflation figures for November set to be released on Friday.

Among individual stocks, Pernod Ricard experienced a rebound of over 2%, recouping losses from a nearly 3% decline on Wednesday after JPMorgan significantly revised down its price target for the company. In other movements, Essilor rose by 1.1%, while both Teleperformance and Edenred each gained 1%. Conversely, the luxury sector saw a downturn with LVMH and Hermès slipping by 0.4% each, and Airbus saw a decrease of 0.3%.