French stocks are trading in positive territory on Thursday, lifting the benchmark CAC 40 to an eight-month high. The market sentiment remains firm following the French government’s survival of no-confidence votes.
France’s reappointed Prime Minister, Sébastien Lecornu, successfully survived successive no-confidence votes in the National Assembly today. His narrow victory was secured thanks to sufficient support from moderates, helping to avert a second government collapse in as many weeks. Lecornu’s offer to suspend an unpopular pension reform played a key role in swaying the opposition Socialists, providing his government with a crucial lifeline in the deeply fragmented chamber.
The CAC 40 index was up 55.75 points, or 0.69%, at 8,132.75 a few minutes ago.
In the stock-specific developments, Pernod Ricard is climbing 3.7%. After a challenging first quarter, the French spirits maker expects sales to improve in fiscal year 2026. For the first quarter, Pernod Ricard recorded sales of EUR 2.384 billion, down from EUR 2.783 billion during the same period last year.
Other notable gainers include EssilorLuxottica, up 2.3%, while Michelin, Edenred, Thales, and Renault are up between 1.6% and 1.8%. Legrand, Societe Generale, Schneider Electric, Sanofi, Safran, STMicroElectronics, Publicis Groupe, and Stellantis saw increases ranging from 1% to 1.2%.
On the downside, Kering is declining by about 1.6%. Bouygues, Euronext, and Hermes International are down between 0.4% and 0.8%, while ArcelorMittal is down marginally.
*Disclaimer: The views and opinions expressed here are those of the author and do not necessarily reflect the official position of Nasdaq, Inc.*
https://www.nasdaq.com/articles/cac-rises-after-government-survives-no-confidence-votes
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