FX.co ★ CAC 40 Falls to Two-Week Low

The CAC 40 index fell to 8,145 points on Friday, marking its lowest point since October 15. This drop concluded a week full of activity driven by central bank meetings, an easing in US–China trade tensions, alongside a flood of earnings reports and economic data releases. Saint-Gobain saw a decline of 2.5% after announcing a slight 0.2% reduction in Q3 revenue on a comparable basis and a 1.3% decrease in actual terms. AXA traded 1.6% lower, despite maintaining its annual targets and reporting a 7% increase in premiums and income for the first nine months of the year. Meanwhile, Scor's shares dipped by 5.2% even though it reported better-than-anticipated quarterly profits. In contrast, Imerys experienced a 5.2% rise in its stock price, attributed to the announcement of exclusive negotiations to sell a minority stake in its French lithium mine project, despite a 1.3% organic drop in revenue to €827 million caused by weak industrial demand. In macroeconomic developments, French inflation cooled more than anticipated, dropping to 1.0% in October from 1.2% in September.