Auto Surge Can’t Save CAC 40: Paris Stocks Stall as Banks & Luxury Lag
The CAC 40 slipped 0.14% to 8,109.79 on November 3 as early gains faded. Autos outperformed, with Renault up 2.2% and Forvia jumping 5% on chip supply optimism, while BNP Paribas fell 1.6%. Capgemini dropped 2.8% after a cloud acquisition, and Hermès lost 1.5% on China demand concerns. France’s factory PMI rose to 48.8 but signaled continued contraction.
