The CAC 40 rose 0.4% to 8,045 on Friday, breaking a two-day decline streak, propelled by strong performances from US tech giants Microsoft and Google-parent Alphabet, which provided a boost to the tech sector. Remarkable individual stocks included Saint Gobain, whose shares surged around 6% after the French building materials giant's Q1 revenue slightly surpassed expectations. Also, shares of Kering rose 3.1% following reports that Kering shareholders approved three new board members, in light of recent departures, including long-time executive Jean-François Palus. Conversely, Airbus saw a notable decline of approximately 2.3% following the company's assessment of the operating environment, which it described as showing "no signs of improvement". Meanwhile, investor attention now turns to the eagerly awaited release of PCE price data from the US later today, as investors seek insights into the Federal Reserve's monetary policy trajectory.
The main stock market index in France (FR40) increased 494 points or 6.55% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks this benchmark index from France. Historically, the France Stock Market Index (FR40) reached an all time high of 8257.40 in April of 2024. France Stock Market Index (FR40) - data, forecasts, historical chart - was last updated on April 26 of 2024.
The main stock market index in France (FR40) increased 494 points or 6.55% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks this benchmark index from France. The France Stock Market Index (FR40) is expected to trade at 8044.16 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 7578.07 in 12 months time.