French Stocks Extend Gains
The CAC 40 rose 0.3% to 7,896 on Thursday, extending gains from the previous session despite a deepening global selloff in technology and artificial intelligence stocks. The sector came under pressure as concerns over AI-related valuations and the sustainability of heavy infrastructure spending weighed on sentiment. Inflation also remained in focus following stronger-than-expected US data. Domestically, annual inflation rate was revised up to 3.1% in September 2026 from a preliminary estimate of 3.0%, accelerating from 2.4% in August and reaching its highest level since January 2024. On the corporate front, Pernod Ricard climbed 3.4% after reporting a smaller-than-expected 0.9% decline in first-quarter fiscal 2027 sales, as weak demand and destocking in China and the United States were partly offset by strong demand in India. On the downside, Schneider Electric fell 5% and STMicroelectronics plunged 7.2%, making them among the session’s worst performers.
3% to 7,896 on Thursday, extending gains from the previous session despite a deepening global selloff in technology and artificial intelligence stocks. The sector came under pressure as concerns over AI-related valuations and the sustainability of heavy infrastructure spending weighed on sentiment. Inflation also remained in focus following stronger-than-expected US data. 4% in August and reaching its highest level since January 2024.
9% decline in first-quarter fiscal 2027 sales, as weak demand and destocking in China and the United States were partly offset by strong demand in India. 2%, making them among the session’s worst performers.