French Stocks Hit Fresh 2-Month High
The CAC 40 rose 0.7% to 8,339 on Wednesday, extending its winning streak to a third consecutive session and reaching its highest level since September. The rally reflected broader strength across global equities, fueled by a surge in technology stocks following CoreWeave’s upbeat outlook, which helped assuage fears surrounding an AI market bubble, as well as growing anticipation for Anthropic PBC’s planned IPO. Sentiment was further buoyed by cooling geopolitical tensions after US Secretary of State Marco Rubio told a G7 gathering in Paris that Washington saw "no need for major combat operations" in Iran. Semiconductor maker STMicroelectronics spearheaded market gains with a 4.1% jump, alongside strong performances from Schneider Electric (2.4%), Legrand (2.1%), and TotalEnergies (1.2%). In contrast, Essilor (-1.8%), ENGIE (-0.2%), and Danone (-0.2%) were among the few decliners.
The CAC 40 rose 0.7% to 8,339 on Wednesday, extending its winning streak to a third consecutive session and reaching its highest level since September. The rally reflected broader strength across global equities, fueled by a surge in technology stocks following CoreWeave’s upbeat outlook, which helped assuage fears surrounding an AI market bubble, as well as growing anticipation for Anthropic PBC’s planned IPO. Sentiment was further buoyed by cooling geopolitical tensions after US Secretary of State Marco Rubio told a G7 gathering in Paris that Washington saw "no need for major combat operations" in Iran.
Semiconductor maker STMicroelectronics spearheaded market gains with a 4.1% jump, alongside strong performances from Schneider Electric (2.4%), Legrand (2.1%), and TotalEnergies (1.2%). In contrast, Essilor (-1.8%), ENGIE (-0.2%), and Danone (-0.2%) were among the few decliners.