20.10.202507:57:56UTC+00CAC 40 Hits Record High

The CAC 40 index in Paris increased by 0.6% to reach 8,225 points on Monday, marking a record peak. This rise was largely due to significant gains by Kering and L’Oréal. Kering's shares jumped by 4.5% following the announcement of a €4 billion deal to sell its beauty division to L’Oréal, which saw its shares increase by 1% on the news. Thales experienced a gain of over 2% amid optimistic signs of easing trade tensions between the United States and China, suggesting a potential relaxation of Beijing's export restrictions on military-related rare earths. Additionally, Airbus advanced by 1.5% after India's IndiGo finalized an agreement to purchase 30 A350 aircraft. In other developments, investors continued analyzing the implications of S&P Global Ratings' recent downgrade of France, which highlighted increased fiscal risks and ongoing uncertainties regarding the nation's financial management.