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FX.co ★ CAC 40 Tops 8,300 as US Shutdown Ends

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typeContent_19130:::2025-11-13T09:27:15

CAC 40 Tops 8,300 as US Shutdown Ends

The CAC 40 index achieved a milestone by surpassing 8,300 points for the first time, driven by a reduction in broader market uncertainties. This came in the wake of US President Donald Trump's decision to sign a bill ending the longest government shutdown in US history, facilitating the gradual restoration of federal economic data flows. Luxury stock performance played a significant role in the gains, with Kering shares increasing by 2.5% and Hermès rising 1%, buoyed by Burberry's better-than-expected sales figures. Carrefour experienced a 1.7% uptick as the Saadé family acquired a 4% stake, establishing themselves as the new majority shareholders of the retail giant. Meanwhile, L’Oréal saw a 1.4% rise after the successful issuance of €3 billion in bonds. Edenred also experienced a rebound of over 1%, recovering from a significant drop the previous day, which followed a downward revision of its 2026 profit guidance.

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