FX.co ★ CAC 40 Set to End Volatile Week Near Three-Week Low

The CAC 40 remained mostly steady at 7,965 points on Friday, lingering close to its lowest point since mid-October. This stability came after a tumultuous week marked by a series of quarterly earnings reports, renewed apprehensions regarding inflated tech valuations, the enduring US government shutdown, and assertive remarks from Federal Reserve officials. The index is currently poised for a decline exceeding 3% over the last two weeks, stepping back from the record highs it achieved in October. On Friday, losses were led by Teleperformance and Edenred, each experiencing a drop of approximately 1.9%, with Veolia and Bureau Veritas also falling by more than 1%. Conversely, the luxury sector showed resilience, with Hermès gaining 1.7%, LVMH increasing by 0.7%, and Kering advancing by 0.6%. Beyond the main index, Arkema revised its annual guidance downward, Aperam delivered Q3 results that fell short of expectations, JCDecaux reported a decrease in revenues, while Euronext revealed an increase in operating income.