CAC 40 Rises as Tech Shares Rally
The CAC 40 rose 0.2% to 8,110, driven by tech stocks like STMicroelectronics (+4%) and Capgemini (+2.2%). US rate cut expectations boosted global equity optimism. AXA gained 0.5% after raising €435 million through its Shareplan 2025. Strong performers included Renault (+3.3%) and Schneider Electric (+3.2%), while Pernod Ricard (-1.4%) and ENGIE (-1.1%) lagged.
The CAC 40 edged up 0.2% to around 8,110 on Thursday, supported by renewed global equity optimism as expectations strengthened for imminent US rate cuts.
Softer US private-employment data reinforced the view that the Federal Reserve could lower rates at its meeting later this month.
Tech stocks led the rebound, with STMicroelectronics surging 4%, followed by Capgemini (+2.2%), Teleperformance (+1.4%), and Dassault Systèmes (+1.2%).
AXA added 0.5% after announcing that 42,000 employees subscribed to nearly 13 million new shares under its “Shareplan 2025,” raising €435 million and representing 0.6% of its capital.
Additional strong performers included Renault (+3.3%), Schneider Electric (+3.2%), Société Générale (+2.5%), and Stellantis (+2.3%).
Meanwhile, Pernod Ricard (-1.4%), ENGIE (-1.1%), Airbus (-0.9%), and Danone (-0.7%) weighed on the index.
