FX.co ★ CAC 40 Back to Record High Levels

On Wednesday, the Paris CAC 40 index increased by 0.8% to reach 8,220 points, extending a two-day upward trend of 2.6% and returning to its record levels. The growth was primarily driven by banking and luxury stocks, fueled by optimism surrounding the potential resolution of the U.S. government shutdown and increasing expectations of Federal Reserve interest rate cuts in December. This optimism was supported by weaker-than-anticipated ADP data indicating a decline in U.S. private employment for October. Leading the gains on the index, BNP Paribas surged over 2%, with Crédit Agricole rising by 1.7%, Hermès International advancing 1.6%, LVMH increasing by 1.5%, and Société Générale growing by 1.4%. In contrast, Edenred, a company providing voucher services, saw its shares drop by 10%, resulting in a trading halt after revising its 2026 profit guidance downwards. Teleperformance continued to face pressure, declining by 0.3% following a downgrade from AlphaValue, which revised the stock's rating from Buy to Hold.