French equities present a mixed outlook on Friday morning as investors analyze recent data on industrial production and consumer spending, while anticipating the forthcoming U.S. jobs report.
The CAC 40 index, which climbed to 7,514.14 earlier in the day, is now slightly lower by 2.40 points or 0.03%, standing at 7,487.88.
According to figures published by the national statistics bureau, INSEE, France's industrial production rose by 0.2% in November, following a 0.3% decline in October. Economists had predicted a 0.1% decrease for the month. Likewise, manufacturing output increased by 0.2%, partially reversing the 0.1% contraction seen in the prior month.
Another INSEE report highlighted a resurgence in French consumer spending during November, driven by increased purchases of engineered goods and food. This report indicated that household consumption experienced an unexpected rise of 0.3% month-on-month, counteracting the revised 0.3% drop from October. Projections had suggested a modest increase of 0.1%.
In terms of specific stocks, Capgemini sees an increase of 1.8%, while ArcelorMittal and Airbus Group advance by 1.4% and 1.2%, respectively. Eurofins Scientific achieves nearly a 1% gain.
Companies such as Dassault Systèmes, Orange, Publicis Groupe, Safran, Accor, and Crédit Agricole are experiencing modest upticks.
Conversely, Pernod Ricard is falling by approximately 1.25%, Renault by nearly 1%, and entities like Veolia Environnement, L'Oréal, Schneider Electric, and Danone show declines of 0.5% to 0.9% from their previous closing levels.
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