The CAC 40 Index closed 0.2% down at 6,686.17, as investors weighed on inflation, mixed third quarter corporate results, and worries around the risk of Evergrande’s debt default. Technic FMC dropped 5% and Getlink fell 2% due to lower-than-expected corporate earnings. At the same time, Legrand fell 2.7% , in line with others from the electricity sector, as analysts believe it could be impacted by incoming supply chain pressures. On the other hand, Carrefour advanced 1.7 % following the announcement that the company shall end 2021 netting over EUR 1 billion free cashflow, while L’Oreal rose 1.4% following Q3 growth above expectations.
Historically, the France Stock Market Index (FR40) reached an all time high of 6944.77 in September of 2000. France Stock Market Index (FR40) - data, forecasts, historical chart - was last updated on October of 2021.
The France Stock Market Index (FR40) is expected to trade at 6558.22 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 6046.80 in 12 months time.