(News Bulletin 247) – The flagship index of the Paris Stock Exchange ended slightly lower this Friday, below 7,500 points. The CAC 40 fell by 1.5% over a week marked by an avalanche of company results.

The Paris Stock Exchange was clearly lacking inspiration this Friday. The flagship index of the Paris Stock Exchange finally closed slightly down 0.08% at 7,497.54 points this Friday. Over the week as a whole, the CAC 40 fell by 1.52%.

“Political uncertainties dominated the markets this week, with budgetary fears pushing interest rates higher and uncertainty captivating stocks,” explains Xavier Chapard, strategist at LBPAM.

“This could remain the case in the coming days, less than two weeks before the US elections, with the Japanese elections this weekend, the UK budget presentation next week, and while we still wait more precise announcements from the Chinese authorities on budgetary support,” he adds.

Renault continues to move forward

Investors had the opportunity to dissect the numerous publications. At the top of the CAC 40, Sanofi gained 2.5% after publishing sales and results significantly above expectations in the third quarter.

Renault continues its good momentum, gaining 2.2% after having already gained 4.7% the day before, following its excellent publication of its third quarter.

Conversely, Vinci returned 3.4% after publishing disappointing activity in the third quarter.

Excluding the CAC 40, Nexity rose 4.6% driven by increased reservations for new housing in the third quarter.

Valeo fell 9.45% after publishing revenues below expectations, lowering its revenue target for 2024 and withdrawing its outlook for 2025 citing “high uncertainty” around its customers’ production volumes.

Alten (-7.3%) is the other disappointment of the day. The engineering consulting specialist was punished by the market, after having once again lowered its annual objectives due to the slowdown in its activity.

On other markets, the euro was down slightly by 0.1% to $1.0814. Oil is moving forward. The December North Sea Brent contract rebounded 2% to $75.92 per barrel while the November contract gained 2.1% to $71.69 per barrel.