On Thursday, French stocks experienced a modest uptick as investors awaited the release of Eurozone growth figures scheduled for later in the day. The earnings reports provided some relief amidst the backdrop of rising bond yields fueled by inflation concerns during Trump's presidency.
European government bond yields followed the upward trend of U.S. Treasuries, driven by expectations that Trump's proposed policies and tariffs could potentially lead to a larger U.S. deficit.
The CAC 40, France's flagship stock market index, increased by 8 points, representing a 0.1 percent rise, settling at 7,225. This came after a slight decline of 0.1 percent in the previous session.
Transportation equipment manufacturer Alstom saw its shares rise by around 2 percent, surpassing forecasts for its half-year cash position thanks to a combination of higher production volumes and cost-saving measures.
Meanwhile, SCOR SE experienced a significant surge of 6.6 percent. Despite reporting a group net loss for the third quarter of 2024, the reinsurer's P&C (property and casualty) segment delivered a standout performance, achieving a combined ratio of 88.3 percent.
