05.11.202509:34:19UTC+00CAC 40 Falls as Tech Valuation Worries Deepen

On Wednesday, the CAC 40 index declined by 0.6%, settling around 8,013 points, as it continued its downward trajectory from the recent peak of 8,258 on October 21. This decline occurred amid cautious sentiment across European markets, primarily driven by concerns over the high valuations of technology stocks. Notably, Dassault Systemes saw a 0.9% drop, while STMicroelectronics fell by 0.7%. Luxury sector stocks were also among the most significant losers, with Kering decreasing by 1.6%, LVMH by 1.5%, and Hermès by 0.5%. This downturn followed data from China indicating the country's services sector grew at its slowest rate in three months. Additionally, Edenred faced a slight dip of 0.3%, as investors expressed disappointment over certain aspects of its newly unveiled strategic plan. Conversely, Bouygues experienced a rise of 2.6% after it revealed an unexpectedly strong operating profit of €1.81 billion for the first three quarters of 2025, alongside a 0.9% year-on-year revenue increase to €41.9 billion. On a broader economic note, France's industrial production rose by 0.7% in September, surpassing the anticipated 0.1% growth.