FX.co ★ CAC 40 Rises as Tech Shares Rally

On Thursday, the CAC 40 index rose by 0.2%, settling around the 8,110 mark. This growth was propelled by a wave of global equity optimism spurred by heightened expectations of forthcoming interest rate cuts in the United States. This sentiment was bolstered by weaker U.S. private employment figures, which further solidified the belief that the Federal Reserve might reduce rates during its meeting later this month. The technology sector led the resurgence, with STMicroelectronics experiencing a notable increase of 4%. Capgemini followed with a gain of 2.2%, while Teleperformance and Dassault Systèmes rose by 1.4% and 1.2%, respectively. AXA climbed 0.5% in the wake of announcing that 42,000 employees participated in its "Shareplan 2025," acquiring nearly 13 million new shares worth €435 million, thereby expanding its capital by 0.6%. Renault, Schneider Electric, Société Générale, and Stellantis were also among the top performers, with respective increases of 3.3%, 3.2%, 2.5%, and 2.3%. Conversely, the index was pulled back by declines from Pernod Ricard, ENGIE, Airbus, and Danone, which saw decreases of 1.4%, 1.1%, 0.9%, and 0.7%.