FX.co ★ CAC 40 Flat as Earnings and French GDP Grab Attention

On Thursday, the CAC 40 index remained steady at 8,200 points, amidst a day full of corporate earnings, central bank updates, and positive economic data. Airbus experienced a notable rise of 3.4% after announcing a robust performance in the third quarter and confidently maintaining its outlook for 2025. Conversely, Schneider Electric saw a decline of nearly 2%, despite reporting a 9% organic revenue increase that surpassed forecasts and reaffirming their annual guidance. In monetary policy news, the Federal Reserve reduced interest rates for the second consecutive time yesterday. However, Federal Reserve Chair Jerome Powell indicated that further cuts in December are uncertain. Later today, the European Central Bank is anticipated to maintain its current policy stance, aligning with the recent decision by the Bank of Japan. In terms of economic indicators, France's GDP grew by 0.5% in the third quarter, marking the fastest quarterly expansion in over two years, surpassing market expectations of a 0.1% increase. This growth was largely driven by a significant rise in exports.