CAC 40 Rises on Defense Stocks Gains
The CAC 40 gained 0.3% to close at 7,957 on Friday, erasing earlier losses as defense stocks provided support. Defense contractors advanced as tensions in Ukraine and the Middle East continued to influence markets. Airbus rose 2.1%, while Thales closed 2.8% higher. TotalEnergies gained 0.6% as oil prices extended their advance. Elsewhere, EssilorLuxottica rose 3.8% ahead of its third-quarter results, due on October 20. Bernstein maintained a Hold rating on the stock and left its price target unchanged. Stellantis climbed 2.6% amid reports that it is testing a new diesel-hybrid powertrain expected to debut in the next generation of large commercial vans manufactured at its Atessa plant, where the company has announced planned investments of €1 billion. In contrast, Schneider Electric fell 1.8% and STMicroelectronics dropped 0.6%, extending their losses amid continued uncertainty over the outlook for the AI infrastructure market.
The CAC 40 gained 0.3% to close at 7,957 on Friday, erasing earlier losses as defense stocks provided support. Defense contractors advanced as tensions in Ukraine and the Middle East continued to influence markets. Airbus rose 2.1%, while Thales closed 2.8% higher. TotalEnergies gained 0.6% as oil prices extended their advance.
Elsewhere, EssilorLuxottica rose 3.8% ahead of its third-quarter results, due on October 20. Bernstein maintained a Hold rating on the stock and left its price target unchanged. Stellantis climbed 2.6% amid reports that it is testing a new diesel-hybrid powertrain expected to debut in the next generation of large commercial vans manufactured at its Atessa plant, where the company has announced planned investments of €1 billion. In contrast, Schneider Electric fell 1.8% and STMicroelectronics dropped 0.6%, extending their losses amid continued uncertainty over the outlook for the AI infrastructure market.