CAC 40 falls on inflation data, Sanofi and Tech stocks slide

The CAC 40 declined 0.5% to 7,280 on Friday, heading for a fourth straight weekly loss as traders evaluated new European economic data.

CAC 40 falls on inflation data, Sanofi and Tech stocks slide

France's final estimates confirmed annual inflation rose to 1.2% in October, up from a 3.5-year low of 1.1% in September. Additionally, market sentiment was dampened after Fed Chair Jerome Powell signaled no urgency for a December rate cut. On the corporate front, Sanofi tumbled 3.6% to its lowest since July following the appointment of Robert F. Kennedy Jr. to lead the U.S.

Capgemini and Dassault stocks slide, weighing on Tech sector

Department of Health and Human Services. The tech sector was also hit, with Capgemini falling nearly 3% to its lowest since May 2023 and Dassault Systèmes down 2.5%.