17.12.202516:45:47UTC+00CAC 40 Edges Lower on Wednesday

The CAC 40 index edged down by 0.2% to settle at 8,090 on Wednesday, continuing its downward trend from the previous day as investors exercised caution ahead of significant central bank meetings. Among the largest decliners, Schneider Electric dropped 3.5%, closely followed by Saint-Gobain with a 2.7% decrease, Essilor falling by 1.5%, Airbus sliding 1.3%, and Legrand declining 1.2%. The luxury goods sector also saw notable underperformance, with Hermes decreasing by 1.6% and LVMH by 0.7%. Pernod Ricard experienced a 0.4% decline after announcing the sale of its US sparkling wine brands to Trinchero, while securing exclusive production and distribution rights in North America. In contrast, the banking and insurance sectors showed strength, with Societe Generale gaining 3.7%, BNP Paribas rising 1.5%, AXA up by 1.0%, and Credit Agricole increasing by 0.9%. Investors are now focused on an eventful week of central bank decisions, including key policy meetings from the Bank of England, the European Central Bank, and the Bank of Japan, which are anticipated to influence market trends in the immediate future.