The CAC 40 surged 186 points or 3.7% to 5198 on Friday, the highest close since March 5th amid a general optimism about the global economic recovery as central banks and governments pledge to keep supporting the economies. The ECB expanded its bond-buying program by a higher-than-expected €600 billion and the German government pledged stimulus package worth €130 billion. Also, the US jobs report beat forecasts as the American economy unexpectedly added 2.5 million jobs in May, raising hopes the worst of the coronavirus pandemic is in the past. For the week, the CAC 40 surged 10.7%.
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 June of 2020.
The France CAC 40 Stock Market Index is expected to trade at 5076.58 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 4750.12 in 12 months time.