The CAC 40 Surpasses 8,000 Points, Unfazed by Wall Street Turmoil

A Strong Parisian Market Despite a Challenging Environment

The trend is clearly upwards in Paris: thirty out of the forty stocks in the index are rising, while ten are falling. The SBF 120 is also gaining 0.38%, reaching 6,064.23 points. In Europe, the movement is more moderate: the DAX is up 0.30% and the STOXX 600 is up 0.10%, while London's FTSE 100 ticks up by 0.14%.

This firmness contrasts with the close on Friday, October 30, on Wall Street, where U.S. indices dropped sharply. The Nasdaq 100 fell by 3.46%, the S&P 500 by 1.82%, and the Dow Jones by 1.09%. Paris is thus standing firm against the shockwave from technology stocks.

In the background, the situation remains tense regarding French debt. On October 30, Fitch downgraded the outlook for France's sovereign rating from « Stable » to « Negative, » while maintaining an A+ rating, citing a concerning debt trajectory. Furthermore, deputies are set to vote on Tuesday, November 3, on the first part of the 2027 finance bill, following the removal of several government measures.

Banks, Industry, and Aviation Drive the Market

Gains are well distributed across sectors. ArcelorMittal leads the pack with an increase of 1.90% at 54.62 euros. The hotel group Accor closely follows, rising by 1.66% to 47.09 euros.
In the aerospace sector, Safran advances by 1.63% to 280.20 euros. The stock benefits from Wells Fargo's move, which reaffirmed its « overweight » rating on the value. The banking sector also contributes to the movement, with BNP Paribas up by 1.42% to 86.87 euros. Saint-Gobain rounds out the leading group, increasing by 1.41% to 68.84 euros. The magnitude of the rise, spread across sectors as diverse as steel, hospitality, defense, and banking, illustrates a session of market relief rather than targeted rotation.

Euronext and Auto Stocks Buck the Trend

On the decline side, Euronext is bringing up the rear, down 1.30% at 175.30 euros. The stock exchange operator is in the news: its supervisory board announced on November 2 its intention to propose the candidacy of David Knibbe, current CEO of NN Group, to succeed Stéphane Boujnah, who will step down in May 2027.

TotalEnergies falls by 0.75% to 84.79 euros, while the controversy over the group's record profits in the third quarter is growing in France. The decline occurs even as the Brent barrel remains above 110 dollars, supported by ongoing tensions around the Strait of Hormuz.

Automotive stocks are also weighing on the sector. Stellantis is down 0.71% and Renault 0.54% after the publication of registrations for the month of October. In a French market up 3.3% year-on-year, both manufacturers' sales are declining. Carrefour rounds out the bottom of the list, down 0.50% at 12.98 euros.