The CAC 40 lost 48 points, or 0.8% to 5,783 on Friday, reversing four consecutive sessions of gains as the bond selloff continued amid growing expectations of stronger economic growth and price pressure. Treasury yields spiked after recent data showed the US economy created more jobs than expected in February. On Thursday, Fed Chair Powell did not signal any move to stop rising Treasury yields. On the economic data front, both the French trade gap and current account deficit widened in January but exports and imports moved closer to their pre-pandemic levels. Still, the CAC 40 advanced 1.4% on the week.
Historically, the France CAC 40 Stock Market Index reached an all time high of 6944.77 in September of 2000. France CAC 40 Stock Market Index - data, forecasts, historical chart - was last updated on March of 2021.
The France CAC 40 Stock Market Index is expected to trade at 5702.96 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 5336.21 in 12 months time.