The CAC 40 ticked up 0.2% to around 7,980 points on Tuesday, rebounding from modest losses in the previous session, as optimism over a potential Federal Reserve rate cut supported equities. According to CME Group’s FedWatch Tool, the market currently assigns an 81.1% probability to a Fed rate hike in December. Banking stocks rallied, with Societe Generale leading the sector, up 1.5%, followed by Credit Agricole (+0.5%) and BNP Paribas (+0.6%). Defense names also rebounded, with Thales rising 1.6% after expanding its cybersecurity footprint in Australia and New Zealand through Netpoleon’s integration of Imperva’s data and application security products. Safran added 1.35%. On the downside, notable losses were seen in Capgemini (-1.5%), Edenred (-1.3%) and Bureau Veritas (-1.1%).
