CAC 40 gains 0.3 percent at midday as luxury stocks slide
Published on 10/13/2026 at 13:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS- CAC 40 stood at 7,856 points at 12:24 p.m. CEST, up 23 points or 0.3 percent.
- LVMH reported EUR 18.5 billion in third-quarter sales, with fashion and leather goods down 5 percent.
- Hermes fell 2.3 percent, while Pernod Ricard gained 3.2 percent at midday.
- US existing-home sales are scheduled for 4:00 p.m. CEST on October 13, 2026.
At 12:24 p.m. CEST on October 13, 2026, the CAC 40 was up 23 points, or 0.3 percent, at 7,856 points. Weak luxury sales and technology shares shaped the session.
Luxury stocks led the declines. Hermes fell 2.3 percent, while LVMH lost 1.6 percent after reporting EUR 18.5 billion in third-quarter sales. Its fashion and leather-goods division fell 5 percent, compared with a 1.8 percent decline expected by analysts, Yahoo Finance reports.
Why is the CAC 40 rising despite luxury losses?
Bank shares provided support. Societe Generale gained 1.7 percent and Credit Agricole rose 1.4 percent before US bank earnings. The French 10-year government yield fell to 4.83 percent from 4.90 percent on Monday, while Brent crude slipped to USD 105.44, Capital reports.
Winners and losers in the CAC 40
- Pernod Ricard up 3.2 percent
- Veolia up 2.5 percent
- Societe Generale up 1.6 percent
- Hermes down 2.3 percent: luxury-sector weakness, Ideal Investisseur reports
- STMicroelectronics down 2.3 percent: Asian technology weakness, Yahoo Finance reports
- Kering down 2.1 percent: TD Cowen cut its price target, Ideal Investisseur reports
The index opened at 7,853.5 points, leaving the midday level slightly above the opening mark, Teleborsa reports.
What comes next for the CAC 40?
- October 13, 2026, 4:00 p.m. CEST: US existing-home sales for September are scheduled, ABC Bourse reports
- October 13, 2026, before 9:30 a.m. ET: JPMorgan Chase, Goldman Sachs, Wells Fargo and Citigroup are scheduled to publish third-quarter results, Bourse Direct reports
