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FX.co ★ CAC 40 Gives Up Early Gains

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typeContent_19130:::2024-03-01T09:08:00

CAC 40 Gives Up Early Gains

French stocks remained relatively stable on Friday, relinquishing early advances due to a survey indicating that France's manufacturing sector continued to shrink halfway through the first quarter of the year.

Following the release of U.S. inflation data that was in line with expectations, investors are now awaiting Eurozone inflation data to help guide future investments. The standard CAC 40 decreased slightly, settling at 7,924 after a 0.3 percent drop on Thursday.

Meanwhile, shares in aerospace giant Airbus SE saw a minor increase. The company revealed 155 commitments at the Heli-Expo 2024 trade show, which included 40 firm orders for various multi-mission helicopters.

In contrast, Vallourec SA, a provider of tubular solutions, saw its shares tumble by 6 percent, despite the company reporting a profit increase in its fourth quarter compared to the previous year.

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