On Thursday morning, French stocks initially showed a minor rise before dipping into the red, eventually recovering and climbing higher by mid-morning. A few key stocks attracted buying interest despite concerns about tariffs and a report indicating a decline in manufacturing confidence in France weighing slightly on market sentiment.
The CAC 40 index, having earlier slipped to 2,829.40, has since made gains.
Sanofi has risen by 1.7%, Societe Generale by 1.4%, and BNP Paribas is up by 1.1%. Vinci has increased nearly 1%, while AXA, Pernod Ricard, Bouygues, and Dassault Systemes have climbed between 0.5% and 0.8%.
Conversely, Renault has fallen by nearly 2%, Accor is down about 1.25%, and Unibail-Rodamco, Eurofins Scientific, Kering, Vivendi, and Publicis Groupe have decreased between 0.4% and 0.7%.
According to the latest survey by the statistical office INSEE, the index measuring French manufacturing confidence declined to 95 in January from 97 in December, falling short of the anticipated drop to 96.
Notably, the opinion balances concerning order book levels—both globally and from foreign sources—receded significantly, largely due to the manufacturing of "other transport equipment."
January saw a sharp recovery in the balance of opinion on past production, with the index climbing to -1 from -9. However, the assessment of current finished goods inventory levels declined, with the corresponding indicator dropping to 10 from 15 the previous month.
The survey revealed a substantial decline in business managers' views on order books. The order book balance plummeted to -27 from -18, while foreign order books fell to -19 from -8.
The index measuring economic uncertainty among business leaders also saw a reduction, decreasing to 29 from 32 in January.
Although confidence among business managers in key sectors such as manufacturing, construction, services, retail, and wholesale trade saw a slight increase in January, with the business confidence index ticking up to 95 from the previous month's 94.
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