The CAC 40 extended losses to 6,460 on Friday afternoon, near a 1-1/2-month low hit last week and in line with its European peers, as focus shifted towards inflation and pandemic concerns. French government tightened rules for travelers entering France from Spain or Portugal, now mandates a negative COVID-19 test done within 24 hours of arrival. On the corporate side, French construction group Eiffage plans to make a bid to acquire Equans, a technical services firm recently created by Engie. Meanwhile, Renault said 1H 2021 car sales stood at 1,423 thousand units, a 18.7% increase from last year but 24.2% short of 1H 2019 levels. On a weekly basis, the index went down 0.9%.
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 July of 2021.
The France Stock Market Index (FR40) is expected to trade at 6346.42 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 5820.60 in 12 months time.