The Paris CAC 40 jumped 2.4% to around 8,112 on Wednesday, supported by a strong rally in luxury stocks. LVMH led the gains, soaring 13.1% after reporting a 1% year-on-year rise in Q3 2025 sales — its first quarterly growth this year. The result beat market expectations and signaled that the slowdown in global luxury demand may be easing. Peers Kering and Hermès advanced 6.7% and 7.6%, respectively. In the telecom sector, Orange climbed 3.5% and Bouygues jumped 8.4% following reports that Bouygues Telecom, Free, and Orange submitted a €17 billion non-binding joint bid to acquire most of Altice’s French assets. On the political front, Prime Minister Sébastien Lecornu announced the suspension of pension reform until after the 2027 presidential election to secure broader parliamentary support for the 2026 budget. The French Socialist Party, meanwhile, said it would not back a no-confidence motion, easing political uncertainty.
