CAC 40 Slides on Fed Watch and Narrow Budget Approval
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The CAC 40 index fell 0.4% amid investor caution before the Federal Reserve's rate announcement, with expectations of a third rate cut. French lawmakers narrowly approved the 2026 social-security budget, providing relief to the minority government. The Bank of France plans to raise growth forecasts for 2025 and 2026. Luxury stocks like Hermès, Kering, and LVMH declined, while Carrefour gained 0.5% after a strategic partnership announcement. Other gainers included Société Générale and Eurofins.
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