CAC 40: Corporate Earnings Boost Paris Stock Exchange, Renault Soars Over 7%

A Morning Driven by Corporate Reports

The movement is broad: thirty-four CAC 40 stocks are advancing, while only six are declining. The wider SBF 120 index follows the same trend, rising by 1.09%. In Europe, Germany's DAX is up 1.11% during the session, while the STOXX 600 advances more modestly (+0.61%).

The backdrop remains influenced by central banks. Following its October 28 and 29 meeting, the Federal Reserve kept its rate range unchanged, around 3.9%, while still considering inflation to be high. On Wall Street Wednesday evening, the indices ended with modest gains: the S&P 500 gained 0.28% and the Nasdaq 100 rose 0.55% at the close. In France, tension on sovereign debt remains in the background, with the yield spread between the OAT and the German Bund staying near recent peaks.

Renault Leads, Spotlight on Automotive and Healthcare Luxury

The biggest movement of the day comes from Renault, which jumped 7.32% to 28.28 euros. The manufacturer reported a 11.6 billion euro revenue for the third quarter and confirmed its 2026 targets, with an operating margin aimed around 5.5%. Over nine months, sales increased by 7.1% to 41.8 billion euros, despite a decline in registrations during the quarter.

Dassault Systèmes follows with a rise of 3.99%. The software company unveiled a 5% revenue increase for the third quarter, exceeding expectations, with a non-IFRS operating margin of 31.6%. The group also recently completed its acquisition of ArisGlobal for 1.8 billion dollars in the life sciences sector. Bernstein raised its target price to 31 euros.

Air Liquide gained 3.04% to 179.54 euros after reporting a third-quarter revenue of 7.26 billion euros, up 3% on a comparable basis. The group announced the launch of an initial 1 billion euro share buyback program starting October 30 and confirmed its outlook. Airbus advanced 2.86%, buoyed by a strong nine-month performance and several analysts' target raises, including those from JP Morgan and Jefferies. Danone rounds out the top (+2.37%), after quarterly sales rose 4%, mainly driven by prices.

Stellantis bucks the trend, limited decline for some stocks

Declines are rare and contained. Stellantis records the steepest drop in the index, down 2.72% at 4.17 euros. The automaker reported improved quarterly figures year-over-year and confirmed its 2026 targets, but the regional dynamics have reversed: North America has returned to profitability while the broader Europe region slipped into an operating loss. The stock is trading near its multi-year lows, and Oddo BHF has lowered its price target to 4.50 euros.

Other declines are minimal. Pernod Ricard drops 0.57% following a bond buyback operation related to a 1.5 billion euro hybrid issuance. Carrefour falls 0.53%, while BNP Paribas (-0.15%) and Bureau Veritas (-0.03%) are nearly flat.