The CAC 40 traded slightly higher on Wednesday, in line with its European peers, as investors digested a new batch of earnings results ahead of the conclusion of the Fed’s 2-day monetary policy meeting. On the data front, consumer morale in France was unchanged at 94 in April, slightly higher than forecasts and below pre-pandemic levels. On the earnings front, Sanofi posted better-than-expected Q1 results, with net income 14.7% higher at €2.0 billion, underpinned by sales of an eczema treatment and vaccines. Also, Dassault Systèmes reported a 54% surge in EPS to €0.66 and a 9% growth in revenues at constant exchange rates to €1.2 billion, on account of an 11% jump in software revenue.
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 April of 2021.
The France CAC 40 Stock Market Index is expected to trade at 6152.56 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 5756.90 in 12 months time.