{"id":69435,"date":"2026-02-02T11:24:28","date_gmt":"2026-02-02T11:24:28","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2026\/02\/02\/cac-40-modestly-higher-on-strong-pmi-data\/"},"modified":"2026-02-02T11:24:28","modified_gmt":"2026-02-02T11:24:28","slug":"cac-40-modestly-higher-on-strong-pmi-data","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2026\/02\/02\/cac-40-modestly-higher-on-strong-pmi-data\/","title":{"rendered":"CAC 40 Modestly Higher On Strong PMI Data"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Despite lingering geopolitical tensions and the sell-off in commodities, France&#8217;s equity index CAC 40 moved higher on Monday after data showed a stronger than expected improvement in the nation&#8217;s manufacturing activity in the month of January. <\/p>\n<p>Investors looked ahead to the European Central Bank&#8217;s monetary policy announcement, due on Thursday. <\/p>\n<p>The CAC 40 was up 29.86 points or 0.37% at 8,156.39 about a quarter past noon, recovering well from an early low of 8,080.66.<\/p>\n<p>Among major gainers, Danone moved up 2.75%, Carrefour climbed 2.3% and Bouygues rallied 2.1%.<\/p>\n<p>Accor advanced 1.75%, while Eiffage, Orange, AXA, Air Liquide, Pernod Ricard, Capgemini, Vinci, Euronext and Publicis Groupe gained 0.8%-1.25%.<\/p>\n<p>Sanofi gained 0.8% after the pharma major&#8217;s genetic disorder drug showed promise in a late-stage trial.<\/p>\n<p>L&#8217;Oreal, Thales, Hermes International, Unibail Rodamco, Essilor-Luxottica, Bureau Veritas, Engie and Veolia Environmental also moved higher.<\/p>\n<p>In economic news, data from S&amp;P Global showed France&#8217;s HCOB Manufacturing PMI rose to a 43-month high of 51.2 in January 2026 from 50.7 in December. The reading was slightly above the flash estimate of 51.0.<\/p>\n<p>The euro area manufacturing activity shrank at a slower pace in January as production returned to growth, final survey results from S&amp;P Global showed. The final HCOB manufacturing Purchasing Managers&#8217; Index rose to 49.5 in January from a nine-month low of 48.8 in December. The flash reading was 49.4. <\/p>\n<\/p>\n<p>Market Analysis<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>CAC 40 Modestly Higher On Strong PMI Data<\/a><br \/>\n<br \/>2026-02-02 11:24:28<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite lingering geopolitical tensions and the sell-off in commodities, France&#8217;s equity index CAC 40 moved higher on Monday after data showed a stronger than expected improvement in the nation&#8217;s manufacturing&#8230;<\/p>\n","protected":false},"author":2,"featured_media":69436,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1531412501799-1b4c354ca957?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=2734&q=80","fifu_image_alt":"","footnotes":""},"categories":[29],"tags":[],"class_list":["post-69435","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/69435","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=69435"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/69435\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/69436"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=69435"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=69435"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=69435"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}