FX.co ★ CAC 40 Holds Steady as Investors Weigh Fresh Data

On Friday, the CAC 40 Index hovered around 8,090 points, poised for a modest 0.1% decline over the month as investors paused to evaluate a series of economic figures amid increasing anticipation of a potential interest rate cut by the Federal Reserve in December. In France, the GDP for the third quarter rose by 0.5% compared to the previous quarter, marking the fastest growth since the second quarter of 2023. Meanwhile, November's inflation rate at 0.9% fell just below the forecasted 1%. Furthermore, household consumption proved stronger than anticipated, with a 0.4% rise in October. Among individual stocks, Essilor saw a decline of 1.21%, despite JPMorgan reaffirming its Buy recommendation and increasing its price target to €345. Capgemini saw a slight decrease of 0.3% after its twelfth employee share scheme raised €299 million from 2.7 million new shares, maintaining employee ownership at approximately 8%. Conversely, notable gains were seen by Stellantis (+0.8%), LVMH (+0.7%), Bouygues (+0.6%), and Schneider Electric (+0.5%).