CAC 40 Recovers Amid Global Tech Bounce
A session driven by global tech easing
The Parisian morning is marked by a rebound movement coming from abroad. In Asia, the Nikkei 225 closed up by 2.33%, correcting part of the harsh rotation experienced last week in technology and semiconductor stocks. On Wall Street last Friday, the Nasdaq 100 had already finished up 1.35% and the S&P 500 by 0.31%, supported by a return of buyers to major AI stocks.
In Europe, the movement spreads: the DAX gains 0.83% during the session, the STOXX 600 rises by 0.78%, and the FTSE 100 advances by 0.69%. In Paris, the SBF 120 follows the trend with an increase of 0.47%. However, the session remains marked by significant dispersion between sectors, indicating that risk appetite remains selective.
Sanofi and the Industry Lead the Way, Luxury Takes a Different Path
The divergence is clear: 26 CAC 40 stocks are rising while 14 are declining. Leading the gains, Sanofi jumps 2.63% to 85.94 euros, boosted by a recommendation upgrade from BNP Paribas Exane, which has moved from « neutral » to « outperform » and raised its price target from 79 to 102 euros.
Industrial and cyclical stocks are joining the global technology rebound. Airbus gains 2.24% to 200.80 euros, ArcelorMittal 2.12% and STMicroelectronics 1.85%, driven by easing in the semiconductor market. Legrand advances 1.97% following UBS's upgrade from « hold » to « buy, » with a raised target from 160 to 170 euros.
Luxury and Euronext Weigh on the Market
In contrast, Euronext experiences the biggest drop on the index, down 2.88% to €165.10. The luxury sector remains the main weak point of the session: LVMH falls 2.79% to €397.35, and Hermès International declines by 1.91%.
In the automotive and energy sectors, movements are more moderate. Stellantis loses 0.97%. TotalEnergies slips 0.94% to €78.98, amid a slight retreat in oil prices: Brent falls after Washington deemed further strikes on Iran unlikely as long as talks continue. This movement in energy comes as G7 foreign ministers meet in Paris on Monday and Tuesday, with Ukraine, Iran, and energy at the center of discussions.
This content has been automatically translated using artificial intelligence. While we strive for accuracy, some nuances may differ from the original French version.
