19.12.202516:44:39UTC+00CAC 40 Inches Higher in Week’s Final Session

On Friday, the CAC 40 index experienced a modest increase of 0.2%, closing at 8,170. This followed a previous 0.8% rise, with banking and select blue-chip stocks supporting the upward trend, countering declines in the luxury sector. Renault saw a 1.2% uptick after S&P Global raised its credit rating from BB+ to BBB-, maintaining a stable outlook. Notable gains among banking stocks included BNP Paribas (+0.9%), Societe Generale (+1.0%), and Credit Agricole (+0.8%). Conversely, Kering dropped by 1.6% in response to its phased acquisition of the Italian jeweler Raselli Franco, beginning with a 20% stake valued at €115 million. Other luxury stocks underperformed as well, with L’Oréal down 1.2%, Hermès declining 1.8%, and LVMH slipping by 0.4%. Additional declines were noted in ArcelorMittal (-1.5%), Capgemini (-1.2%), and Saint-Gobain (-0.9%). In a related development, the Bank of France revised its economic growth forecasts upwards to 0.9% for 2025 (from 0.7%) and 1% for 2026 (from 0.9%), attributing this to a resurgence in household spending and investment, provided political uncertainties decrease.