CAC 40: Euronext Soars Over 5%, Paris Surges Above 8,040 Points

A Parisian session moving against Asian and American markets

Paris stands out this Wednesday while other major global markets show more lackluster trends. The DAX also advances during the session (+0.74% at 24,580.69 points) and the STOXX 600 gains 0.60%, indicating a positive direction for continental Europe. In contrast, U.S. indices ended the previous day with declines, with the Dow Jones dropping 0.65%, the S&P 500 0.67%, and the Nasdaq 0.84%. In Asia, the Nikkei 225 closed down 1.23% and the Hang Seng down 0.57%.

The internal dispersion aptly reflects today's upward trend: 25 CAC 40 stocks are rising, compared to 14 declining and one stable. Volumes are concentrated on technology, industrial, and financial stocks, while the luxury and consumer sectors take a breather.

Euronext Boosts Market, Supported by Industry and Semiconductors

The biggest gain of the day undoubtedly goes to Euronext, soaring 5.56% to 148.10 euros. The stock exchange operator released quarterly results highlighted by a growth in underlying revenue of 15.3% to 528.5 million euros, driven by the equity markets segment and the contribution of Euronext Athens. The adjusted EBITDA margin stands at 64.9%.

Following its lead, STMicroelectronics gains 5.10% to 54.81 euros, reflecting the renewed interest in European semiconductors. ArcelorMittal climbs 3.94% to 53.28 euros, after the steel giant announced the previous day the sale of 10% of Vallourec's capital at 24 euros per share, generating gross proceeds of approximately 667 million dollars. Citi also raised its price target from 66 to 67 euros, maintaining its buy rating.

Legrand advances 3.06% to 150.05 euros, benefiting from the announcement of the acquisition of SRS Power Engineering in Malaysia, the group's fifth external growth operation in 2026, focused on data centers and energy transition. Schneider Electric rounds out the top five with a gain of 2.42% to 262 euros, confirming the strong performance of the electrical equipment sector.

Capgemini trails behind, luxury and automotive sectors struggle

On the downside, Capgemini falls by 1.90% to 103.30 euros, marking the sharpest drop in the CAC 40 at midday. Oddo BHF lowered its price target from 160 to 143 euros, while maintaining its outperform rating.

Hermès International loses 1.15% to 1,588.50 euros; the luxury goods company inaugurated its renovated and expanded store at Hilton Plaza East in Osaka, but this announcement failed to boost the stock. Renault drops 0.96% to 27.79 euros, Danone 0.44% to 63.22 euros, and L'Oréal 0.43% to 355.65 euros, rounding out the list of main declines.