Feb 12 • 08:18 UTC 🇫🇷 France Le Figaro

The CAC 40 surpasses the threshold of 8400 points for the first time

The CAC 40 index in Paris has reached a new record of over 8400 points, buoyed by positive corporate earnings results.

The CAC 40, the benchmark index of the Paris stock exchange, has achieved a significant milestone by surpassing the 8400 points mark for the first time on a Thursday morning. This surge comes in the wake of a series of corporate earnings reports that were positively received by investors. The index opened at 8,403.94 points, marking an increase of 1.09% from its previous record of 8,396.72 points set earlier in the year on January 14.

This achievement is not only a noteworthy event for the stock market but also represents a positive signal for the French economy as a whole. The market's performance reflects growing investor confidence, supported by strong corporate earnings that have surpassed expectations. As major European markets also registered gains, including London, Frankfurt, and Milan, this trend suggests a favorable economic environment across the continent, reinforcing positive sentiment among investors.

The latest figures highlight the resilience and health of the French market, with many analysts hoping that this momentum can be sustained. The rise of the CAC 40 above the 8400 points threshold can encourage further investments both domestically and internationally, potentially leading to increased economic activities. This record-breaking feat not only showcases the strength of individual companies but also raises the optimism for France's economic outlook in the coming period.

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