France CAC 40 Stock Market Index

The CAC 40 added 17 points or 0.3% to close at 5,796 on Wednesday, its highest level since February 2020. Shares of Accor jumped 3%, as Europe’s biggest hotel group reported an annual loss of almost €2 billion but said it was planning to accelerate growth in 2021 as it opened 205 hotels in 2020 and has a pipeline of more than 1,000 hotels. On the economic data front, France’s industry confidence indicator hit an 11-month high in February, but missed market expectations; while German fourth-quarter GDP figures came in better than forecast despite lockdown restrictions. Elsewhere, concerns about COVID-19 vaccination delivery delays mounted, as well as a possible rise in inflation. Historically, the France CAC 40 Stock Market Index reached an all time high of 6944.77 in September of 2000. The CAC 40 Index is a benchmark French stock market index. It tracks the performance of 40 companies selected among the top 100 market capitalization and the most active listed equities traded on the NYSE Euronext Paris. The CAC 40 Index is free floating, modified capitalization-weighted index. The Index has a base value of 100 as of December 31, 1987.