CAC 40 Gains Ahead of ECB and Fed Policy Meetings
The CAC 40 rose 0.7% to close at 7,903 on Tuesday ahead of major central bank decisions later this week. The ECB is will announce its policy decision on Thursday and is expected to leave interest rates unchanged. The US Federal Reserve is also expected to hold rates steady. Financial stocks closed higher, with BNP Paribas (+1.4%) and Société Générale (+1.3%) in focus ahead of their earnings reports on Wednesday and Friday, respectively. Meanwhile, Orange fell 0.4% despite raising its 2026 core earnings growth target and beating revenue and core profit expectations in Q3. STMicroelectronics (+6.4%) and Schneider Electric (+3%) rose, tracking a tech rebound on Wall Street following Anthropic’s IPO filing. Airbus (0%) and Dassault Systèmes (+0.9%) report earnings Wednesday, while TotalEnergies (-0.8%) and Renault (-1%) report Friday. On the data front, consumer confidence fell to 80 in October from 85 in September, amid rising yields, austerity disputes and cost-of-living protests.
The CAC 40 rose 0.7% to close at 7,903 on Tuesday ahead of major central bank decisions later this week. The ECB is will announce its policy decision on Thursday and is expected to leave interest rates unchanged. The US Federal Reserve is also expected to hold rates steady. Financial stocks closed higher, with BNP Paribas (+1.4%) and Société Générale (+1.3%) in focus ahead of their earnings reports on Wednesday and Friday, respectively.
Meanwhile, Orange fell 0.4% despite raising its 2026 core earnings growth target and beating revenue and core profit expectations in Q3. STMicroelectronics (+6.4%) and Schneider Electric (+3%) rose, tracking a tech rebound on Wall Street following Anthropic’s IPO filing. Airbus (0%) and Dassault Systèmes (+0.9%) report earnings Wednesday, while TotalEnergies (-0.8%) and Renault (-1%) report Friday. On the data front, consumer confidence fell to 80 in October from 85 in September, amid rising yields, austerity disputes and cost-of-living protests.