The CAC 40 faltered during the afternoon to finish 0.1% lower at 6,680 on Tuesday, similarly to its European peers, as investors reacted to hawkish comments from ECB Governing Council member Rob Holzmann, who said the central bank should start debating the end of the pandemic-era monetary stimuli. These comments came after consumer prices in Europe rose slightly faster than expected, with inflation in France hitting a near 3-year high of 1.9% in August. Most of the stocks were trading lower but French banks managed to capitalize, namely Societe Generale (+1.5%), BNP Paribas (+1.4%), and Credit Agricole (+1.0%). In corporate news, media giant Vivendi shed 1.9% after announcing the sale of an additional 2.9% stake of Universal Music Group to Pershing Square for USD 1.15B. On the data front, Q2 economic growth in France was revised higher to 1.1%. For the month, the index managed to rise by 0.2%.
Historically, the France Stock Market Index (FR40) reached an all time high of 6944.77 in September of 2000. France Stock Market Index (FR40) - data, forecasts, historical chart - was last updated on August of 2021.
The France Stock Market Index (FR40) is expected to trade at 6498.75 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 5975.46 in 12 months time.
France Stock Market Index (FR40)
The CAC 40 Index is a benchmark French stock market index. It tracks the performance of 40 companies selected among the top 100 market capitalization and the most active listed equities traded on the NYSE Euronext Paris. The CAC 40 Index is free floating, modified capitalization-weighted index. The Index has a base value of 100 as of December 31, 1987..
Find us at the office
Chappa- Adamitis street no. 38, 81811 Tripoli, Libya
Give us a ring
+69 213 130 910
Mon - Fri, 10:00-22:00