CAC40: timid gains in sight to kick off 2025

(CercleFinance.com) - Up five points to nearly 7390, futures on the CAC40 point to a timid rise at the start of 2025, after a year that was much duller on the Paris Bourse than on other major Western markets.


Over 2024 as a whole, the Parisian flagship index fell by just over 2.1% to 7,380, in step with London's FTSE (+5.7%), and far behind Frankfurt's DAX (+18.8%), the S&P500 (+23.3%) and the Nasdaq (+28.6%) in New York.

While Wall Street benefited fully from the AI craze and hopes raised by Donald Trump's victory, Paris suffered from a more difficult context, notably due to political uncertainties since the dissolution of the National Assembly.

However, the overall outlook for eurozone equities depends more on growth and earnings fundamentals than on French politics," wrote Claudia Panseri, CIO at UBS WM France, in a note published on December 20.

While she predicted a slow earnings recovery in the eurozone in 2025, she saw reasons for optimism this year, including a more stable German coalition and progress in peace talks between Russia and Ukraine.

For this first session of the year, traders will be looking primarily at the manufacturing PMI indices for December, in France and the eurozone this morning, followed by the US this afternoon.

In other stock news, we note only Wavestone's announcement of a share buyback campaign for a maximum amount of 10 million euros, which will run until March 31 at the latest.

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