The Paris Stock Exchange closed the trading week with a fractional gain as the CAC 40 (EPA: PX1) inched up 0.09% on Friday marking a complete week of uninterrupted daily gains.
CAC 40 Closes at Highest Level Since Late August
- The CAC 40 advanced during every single session of the week, securing its third positive week.
- Daily trading volumes included 4.4 billion euros on Monday, November 9, and 4.7 billion euros on Tuesday, November 10, as reported by Boursorama.
- On Thursday, November 12, the index closed up 0.34% at 8,361.36 points, marking its highest finish since late August.
Luxury Stocks Slip as Richemont Disappoints
The Paris index managed to finish in positive territory on Friday despite a pullback in the luxury goods sector. Investir Les Echos reported that Kering (EPA: KER), Hermès (EPA: RMS), and LVMH (EPA: MC) faced headwinds following a nearly 4% drop for Richemont (SWX: CFR) in Zurich. The Swiss firm disappointed investors by reporting a growth slowdown in its primary jewelry division during its quarterly financial release.
Additional pressure hit European equities as a global IT outage involving Microsoft disrupted operations across international exchanges on Friday. Financial intermediaries turned to alternative communication channels, including WhatsApp and standard telephone calls, to execute transactions while online messaging services remained unstable.
TotalEnergies Leads Gainers While Eramet Declines
TotalEnergies (EPA: TTE) registered the top performance on the CAC 40 on Friday. Brent crude prices recovered 3% after remarks from Washington regarding the Strait of Hormuz. Meanwhile, BFM Bourse said that Eramet (EPA: ERA) fell 6.7% after detailing a capital increase intended to strengthen its financial structure, an operation expected to make the French state its primary shareholder.
| Date (2026) | CAC 40 Close | Daily Change |
|---|---|---|
| Monday, Nov 9 | 8,233.30 pts | +1.16% |
| Tuesday, Nov 10 | 8,278.59 pts | +0.55% |
| Wednesday, Nov 11 | 8,332.87 pts | +0.66% |
| Thursday, Nov 12 | 8,361.36 pts | +0.34% |
Wall Street Remains Constructive on Nvidia Despite Executive Turnover
As noted by Stephen Innes of Spi AM in reporting cited by BFM Bourse, Wall Street remains constructive on the longer-term trajectory of chipmaker Nvidia despite executive turnover. Concurrently, benchmark 10-year French OAT yields hovered near 4.88%, while the euro stabilized against the dollar at 1.105.
