CAC 40 Surpasses 8,300 Points in Early Afternoon, Boosted by Banks and Aerospace

A rebound following Wall Street

The Paris market is riding the momentum from the United States. On Monday evening, Wall Street posted a strong advance: by the close of trading on Monday, November 9 at 10:00 PM (Paris time), the S&P 500 gained 2.35% and the Nasdaq 100 surged 3.40%. This movement erased a large part of the correction linked to recent concerns over artificial intelligence.

This Tuesday, the trend remains upward in Europe. The movement is accompanied by a significant easing of risk aversion: the VIX, a barometer of market nervousness, is down nearly 22% to 20.01. Investors are awaiting the release of the U.S. Consumer Price Index, an event that is drawing global attention.

Banks and Aerospace Leading the Way

The increase is broad, but a few leaders stand out. Safran marks the strongest rise in the CAC 40, up 3.47% at 316.40 euros. Research firm Bernstein raised its price target from 370 to 390 euros while maintaining its positive outlook.

Banking stocks are also in high demand. Société Générale climbs 3.14% to 67.93 euros. The bank announced with Partners Group the launch of a private infrastructure fund offered in its life insurance contracts. Meanwhile, BNP Paribas gains 2.87% to 96.68 euros.

The rest of the top performers include a mix of industry and materials: Saint-Gobain advances 3.02% to 77.20 euros, while Airbus rises 2.38% to 210.90 euros. The aircraft manufacturer has made several announcements: securing, alongside Thales Alenia Space, the military satellite program IRIS contract, valued at over 1.5 billion euros, and setting a new distance record with Qantas's A350-1000ULR covering 23,155 km.

A Handful of Contrarian Stocks

In the face of this buying wave, only four CAC 40 stocks are declining. TotalEnergies is at the end of the pack, down 1.32% at 77.71 euros. The oil group is operating in a context of a drop in Brent, with the barrel having receded after calming remarks on the situation in the Middle East.

EssilorLuxottica falls 1.08% to 188.55 euros, ahead of Stellantis, down 0.78% to 3.94 euros, and Dassault Systèmes, which loses 0.66% to 25.58 euros. Bureau Veritas holds steady with a symbolic increase of 0.10% to 29.98 euros. In the background, the risk premium on French debt remains high, around 150 basis points compared to Germany, a factor that investors keep in mind without affecting the day's trend.