The CAC 40 rose 0.8% to 7,696 on Friday, marking its fourth consecutive session of gains and reaching its highest level since September 2024. Positive sentiment prevailed in global markets, as softening inflation in Europe and the U.S. raised hopes for further rate cuts. Investors are now expecting a more accommodative stance from the ECB than from the Fed. Stellantis NV surged 3.8%, despite reporting a 9% year-on-year decline in Q4 2024 shipments. Other notable gainers included STMicroelectronics, Renault, Veolia Environnement, Sanofi, and Teleperformance, with shares rising between 1.6% and 3.3%. In contrast, luxury stocks LVMH and Hermès were the only laggards, falling 0.7% and 0.3%, respectively. Meanwhile, investors remained cautious ahead of Donald Trump’s upcoming inauguration as U.S. President on January 20, amid concerns over potential tariffs that could weigh on European economies. For the week, the CAC 40 is on track to secure its second consecutive week of robust gains.
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