Overview
- Paris’s benchmark touched 8,317.82 in intraday trade and was up roughly 0.84% near early afternoon local time, topping its previous peak from November.
- Defense and aerospace shares led gains, with Thales up more than 15% year to date, Airbus above 7% and Safran near 6%, reflecting heightened geopolitical risk.
- Luxury heavyweights added support, with Hermès, Kering and L’Oréal advancing so far this year, while LVMH was little changed.
- Investors stayed cautious ahead of December U.S. employment figures and a U.S. Supreme Court ruling on the legality of parts of Trump-era tariffs.
- Sentiment improved after China said new export restrictions target defense equipment only, and BNP Paribas climbed following a J.P. Morgan upgrade to overweight.