French Stocks Rise for a Third Session
The CAC 40 rose 0.7% to 8,333 on Wednesday, its highest level since August 31, extending gains for a third straight session as AI-related stocks rallied after upbeat outlooks from CoreWeave and Siemens Energy. Trading was subdued with France on a public holiday and no domestic data or earnings due. STMicroelectronics jumped 5.3%, Schneider Electric gained 3.1%, Legrand 2.1% and Capgemini 0.5%. TotalEnergies rose 1.3% as Brent crude rebounded above $93 after fresh attacks on shipping near the Strait of Hormuz. In contrast, EssilorLuxottica fell 2.4%, Unibail-Rodamco-Westfield 1.8% and Thales 1.1%. Meanwhile, investors weighed bets on a Fed rate hike in December.
The CAC 40 rose 0.7% to 8,333 on Wednesday, its highest level since August 31, extending gains for a third straight session as AI-related stocks rallied after upbeat outlooks from CoreWeave and Siemens Energy. Trading was subdued with France on a public holiday and no domestic data or earnings due. STMicroelectronics jumped 5.3%, Schneider Electric gained 3.1%, Legrand 2.1% and Capgemini 0.5%. TotalEnergies rose 1.3% as Brent crude rebounded above $93 after fresh attacks on shipping near the Strait of Hormuz.
In contrast, EssilorLuxottica fell 2.4%, Unibail-Rodamco-Westfield 1.8% and Thales 1.1%. Meanwhile, investors weighed bets on a Fed rate hike in December.