FX.co ★ CAC 40 Inches Higher as Investors Await Data

The CAC 40 edged up to 8,090 points on Wednesday, experiencing a slight rebound after a minor decline in the preceding session. This movement occurred as investors anticipated forthcoming economic data and statements from European Central Bank officials, seeking insights into the future direction of interest rates. Despite Airbus cutting its 2025 delivery target from approximately 820 to about 790 aircraft due to a supplier quality issue, the company's shares rose by 2.4%. The technology and industrial sectors led the gains, with STMicroelectronics climbing 4.8% and Stellantis advancing by 7%. Additionally, the energy company ENGIE saw a 1% increase. Conversely, Kering experienced a 1.2% decline following the approval of a reduced interim dividend of €1.25 for 2025, which is lower than the previous year's payout. This decline was mirrored across the luxury sector, with Hermès falling by 1.1% and LVMH decreasing by 0.9%.