The CAC 40 rose 1.1% to close at 8,028 on Friday, rebounding from the previous session, as investors responded positively to prospects of increased fiscal spending in Germany. Chancellor-designate Friedrich Merz secured agreements with the Green Party and SPD to inject billions into the country’s defense sector and aging infrastructure. The luxury sector was a standout, with L'Oréal surging 3.4% and Hermes rising 1.4%, boosted by strong Q4 results from Brunello Cucinelli. Defense stock Thales also supported the index, soaring 5.6%. However, Kering plunged 10.7% after Gucci appointed Demna as its new artistic director. Despite the gains, the backdrop of escalating trade tensions and geopolitical concerns, including President Trump's threat of a 200% tariff on EU wine and doubts about a US-brokered ceasefire in Ukraine, left investors cautious. The CAC 40 posted a sharp 2.1% weekly decline.
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