CAC 40 on the rise, ArcelorMittal surges over 5%

A Broad and Upward Session, Despite Underlying Clouds

The rise in Paris this Friday morning is broad. Of the 40 stocks in the index, 32 are up while only 8 are down. This movement is not driven by a few stocks, but by a buying trend spread across the entire market.
The European climate is similar. During the session, the DAX is up 1.11%, the STOXX 600 is up 0.99%, and the FTSE 100 is up 0.8%. This environment contrasts with Thursday night's close on Wall Street, where the Nasdaq 100 dropped 1.39% and the S&P 500 fell 0.47%, with only the Dow Jones ending balanced, up 0.1%.
The context remains tense. The risk premium on French debt remains high, with the 10-year OAT yield tightening around 4.91% this week, close to its 24-year high. In the energy sector, Brent crude remains supported by tensions in the Middle East and repeated threats around the Strait of Hormuz. These backdrops do not prevent the CAC 40 from staying the course this morning.

ArcelorMittal Leads the Way, Quality Stocks Follow

The biggest jump of the day goes to ArcelorMittal, which surged 5.24% to 57.06 euros. The steel manufacturer is bolstered by two broker actions: UBS upgraded its rating from « neutral » to « buy » and raised its price target from 61 to 71 euros, while Oddo BHF confirmed its « outperform » recommendation with a target adjusted from 76 to 74 euros.
Capgemini closely follows, up 4.29% to 115.60 euros. The luxury sector also contributes to the rebound, with EssilorLuxottica (+3.36% to 147.80 euros) and Hermès International (+2.34% to 1,292 euros).
Bureau Veritas gains 3.17% to 26.99 euros, supported by Citi, which upgraded the inspection services group from « neutral » to « buy » and slightly adjusted its target from 31.44 to 31.54 euros.

Orange and TotalEnergies Against the Grain

Conversely, Orange recorded the largest drop in the index, falling by 3.06% to 13.79 euros. A few days ago, its subsidiary Orange Business announced it had obtained a second SecNumCloud certification for its Cloud Avenue offering, issued by ANSSI.
TotalEnergies fell by 1.19% to 76.66 euros amid a crude market shaken by geopolitical tensions. Following are Bouygues (-0.64% to 40.37 euros), which announced the launch, through Bouygues Telecom, of three insurance products designed with AXA starting at 1.99 euros per month, and Carrefour (-0.53% to 16.07 euros) after announcing the sale of the premises of 35 stores for around 290 million euros, with the company remaining as a tenant. STMicroelectronics rounds out the declines, down 0.43% to 47.78 euros. This tightly grouped decline favors buyers towards the end of the morning.