FX.co ★ CAC 40 Nears Record High as Easing Trade Tensions Lift Sentiment

The CAC 40 index in Paris rose by 0.5% to reach 8,220 on Tuesday, nearing its all-time high of 8,239.67 set the previous day. This increase in investor confidence was driven by signs of easing trade tensions between the United States and China, which helped bolster risk appetite. Additionally, there was increased optimism following remarks from a member of President Donald Trump's economic team suggesting that the end of the US government shutdown could be imminent. Within the corporate sector, Edenred saw a surge of over 10% after the payment services company announced stronger growth compared to the first half of the year. The company's comparable revenue climbed 7.3% to €726 million, improving from a 6.4% growth in the initial six months. Meanwhile, shares of Kering rose by approximately 1%, building on a nearly 5% increase from Monday, following the announcement of the sale of its beauty division to L'Oréal for €4 billion.