Bullish
CAC 40 rises 0.69% to 7,889.67 amid falling oil prices and strong tech sector performance.
The CAC 40 index gained 0.69% to close at 7,889.67, driven by a decline in oil prices and robust performance in the technology sector. Stellantis and STMicroelectronics led the gains, while Kering and Sanofi were notable decliners.
Key points
- Stellantis shares surged nearly 4.5% after reaffirming its 2026 financial guidance.
- STMicroelectronics rose nearly 3%, bolstering the technology sector.
- Kering's stock declined by about 2.2%, and Sanofi fell 4%.
- Oil prices dropped, with Brent crude futures falling to $98.92, easing market concerns.
Sources
AI-generated from public news sources. Not financial advice.
