Overview

• The CAC 40 climbed 0.44% to 7,743.00, securing a 2.61% gain for the week.
• Banking giants drove the index higher, with Crédit Agricole up 3.20%, BNP Paribas up 2.52% and Société Générale up 1.62%.
• Automakers surged after Japan’s 15% tariff pact with the U.S. lifted Stellantis 2.30%, Renault 2.14%, Valeo 4.39% and Forvia 3.66%.
• European and U.S. bond yields jumped following the unexpected resignation of Fed Governor Adriana Kugler, boosting financial stocks.
• Senate confirmation votes on Stephen Miran’s Fed nomination and Christopher Waller’s potential chairmanship are in focus for rate outlook signals.