CAC 40 Recovers After Early Setback, But Remains Weak

Market Overview - The French market, represented by the CAC 40, initially dropped over 100 points but later recovered, briefly surpassing the flat line before settling at 7,958.92, down 22.10 points or 0.28% from the previous close [1][2] Sector Performance - The service sector in France experienced its first expansion in activity in 15 months, with a PMI score of 50.8 in November, up from 48.0 in October [5] - The manufacturing PMI unexpectedly declined to 47.8 from 48.8, contrary to forecasts of an increase to 49.0 [5] Confidence Indices - The HCOB composite output index rose to a 15-month high of 49.9 in November from 47.7 in October, surpassing expectations [4] - The manufacturing confidence index fell to 98.0 in November from 100.9 in October, which was the highest since March 2024, against a forecast of 100 [6] Notable Stock Movements - Pernod Ricard saw a rise of 3.75%, while Euronext gained 3.5%. Other companies like L'Oreal, Capgemini, Kering, Stellantis, and Vinci also experienced gains ranging from 1.3% to nearly 2% [2] - Conversely, companies such as ArcelorMittal, Thales, and Legrand faced declines between 2% to 2.25%, with Schneider Electric and Societe Generale also notably lower [3]