The CAC 40 climbed 41 points, or 0.6% to 6,513, the highest in eight weeks and following a 1% gain the day before supported by upbeat corporate results. Credit Agricole gained almost 5% as it joined BNP and Societe Generale in reporting higher-than-anticipated quarterly profits. Also, Air France KLM advanced more than 3% after Lufthansa showed optimism for further growth. Meanwhile, satellite operator SES confirmed its 2022 financial target but declined 9% on reports from the Financial Times that it is discussing a possible merger with the American Intelsat. In the meantime, the BoE hiked rates by 50bps, the most since 1995 and warner of a long recession.
Historically, the France Stock Market Index (FR40) reached an all time high of 7385.69 in January of 2022. France Stock Market Index (FR40) - data, forecasts, historical chart - was last updated on August of 2022.
The France Stock Market Index (FR40) is expected to trade at 6215.71 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 5566.35 in 12 months time.