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FX.co ★ CAC 40 Hits 7-Month High as France Survives Confidence Vote

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typeContent_19130:::2025-10-16T10:45:52

CAC 40 Hits 7-Month High as France Survives Confidence Vote

On Thursday, the Paris CAC 40 climbed 0.7%, surpassing 8,130 points and achieving its peak level since March 19. This upward movement followed the French government's avoidance of a no-confidence vote. Prime Minister Sébastien Lecornu successfully garnered support from the Socialists by pledging to halt a proposed pension reform. Among the standout performers, Pernod Ricard saw its stock rise by 3.2%, despite a 7.6% organic revenue decline in the first quarter of the 2025/2026 financial year. The company upheld its full-year guidance for 2026 and anticipated an improvement in sales during the latter half. Other noteworthy gainers included Essilor, which increased by 2.2%, Renault at 1.5%, and Edenred at 1.4%. Conversely, some stocks experienced declines. Kering dropped 1.6% after Berenberg downgraded its rating from “hold” to “sell,” citing an inflated valuation and a 14.6% revenue decrease over the last year. Other stocks on the decline were Teleperformance, down 1.0%, Hermès, sliding 0.7%, and Bouygues, also down 0.7%.

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