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FX.co ★ CAC 40 Rises As Investors Weigh The US Election Impact

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typeContent_19130:::2024-11-01T10:00:00

CAC 40 Rises As Investors Weigh The US Election Impact

On Friday, French stocks experienced an uptick despite the continued increase in government bond yields, which were fueled by inflation concerns and the growing likelihood of a Trump victory in the approaching presidential election.

Investors remained vigilant regarding developments in the Middle East, prompted by reports indicating that Iran might be planning an attack on Israel from Iraqi territories in the near future, potentially even before the upcoming U.S. election.

Eurozone bonds largely maintained their levels as signs of accelerating inflation within the region sparked speculation that the European Central Bank might lean towards a more cautious stance on implementing rate cuts.

The key index, the CAC 40, rose by 39 points, equivalent to a 0.5% increase, reaching 7,388, following a 1.1% decline on the previous day.

Luxury stocks linked to China, such as LVMH and Hermès, recorded modest gains. A private survey revealed that activity within China's manufacturing sector had rebounded in October, following a contraction in the preceding month.

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