Stock Markets February 2, 2026

Paris Stocks Close Higher as Consumer Services, Materials and Financials Push Index Up

CAC 40 gains 0.67% led by Danone, ArcelorMittal and Accor; volatility index hits a 52-week high

By Hana Yamamoto MT
Paris Stocks Close Higher as Consumer Services, Materials and Financials Push Index Up
MT

French equities finished higher on Monday with the CAC 40 up 0.67% and the SBF 120 up 0.65%. Consumer Services, Basic Materials and Financials were the leading sectors. Danone, ArcelorMittal and Accor were the top performers on the CAC 40, while Kering, LVMH and TotalEnergies were among the decliners. Market breadth was positive and option-implied volatility for the CAC 40 reached a 52-week high.

Key Points

  • CAC 40 closed up 0.67% while the SBF 120 added 0.65%; gains were led by Consumer Services, Basic Materials and Financials.
  • Danone, ArcelorMittal and Accor were the top performers on the CAC 40; Kering, LVMH and TotalEnergies were among the largest decliners.
  • Commodities saw notable moves: gold futures fell 1.01%, Brent and WTI crude dropped 4.70% and 5.09% respectively; the CAC 40 VIX hit a 52-week high.

French equity markets closed in positive territory on Monday, with the benchmark CAC 40 rising 0.67% at the end of trading in Paris and the broader SBF 120 finishing up 0.65%.

Sector gains were concentrated in Consumer Services, Basic Materials and Financials, which collectively supported the advance across the main indices.

Top movers on the CAC 40

Danone SA was the session's strongest performer on the CAC 40, climbing 4.74% - a rise of 3.12 points to close at 68.96. ArcelorMittal SA followed with a 3.94% increase, adding 1.81 points to finish at 47.79, while Accor SA rose 3.23%, gaining 1.48 points to end the day at 47.34.

Largest declines on the CAC 40

At the other end of the index, Kering SA lost 2.12%, slipping 5.60 points to close at 258.55. LVMH Moet Hennessy Louis Vuitton SE declined 1.57%, down 8.60 points to 538.30, and TotalEnergies SE eased 0.85%, falling 0.52 points to finish at 60.63.

SBF 120 headline moves

Among constituents of the SBF 120, Atos SE recorded a 5.13% gain to 58.20. Danone's strong showing carried over to the broader index as well, with the stock up 4.74% to settle at 68.96. Air France KLM SA advanced 4.67%, closing at 11.32.

The weakest performers on the SBF 120 included Eramet SA, down 9.69% to 66.65 in late trade; Worldline SA, which lost 5.01% to end at 1.36; and SES, which fell 3.47% to 6.68 at the close.

Market breadth and notable milestones

Rising issues outnumbered decliners on the Paris Stock Exchange by 270 to 223, with 82 names finishing unchanged. Shares of ArcelorMittal reached a five-year high during the session as the stock rose to 47.79.

Volatility and related indicators

The CAC 40 VIX, a gauge of implied volatility for options on the CAC 40, was unchanged on the day at 18.96 and marked a new 52-week high.

Commodities and energy prices

In commodities trading, April gold futures were lower, falling 1.01% or 47.84 to 4,697.26 per troy ounce for the April contract. Crude oil for March delivery declined 5.09% or 3.32 to trade at 61.89 a barrel, while the April Brent contract fell 4.70% or 3.26 to 66.06 a barrel.

Foreign exchange and dollar moves

The euro-dollar rate was essentially unchanged at 1.18, showing a 0.35% variation, while EUR/GBP was unchanged with a 0.12% movement to 0.86. The US Dollar Index futures rose 0.55% to 97.39.

Overall, the session closed with positive direction for French equities, led by gains in select consumer, materials and financial names, alongside mixed moves in commodities and currencies.

Risks

  • Rising implied volatility - the CAC 40 VIX reached a 52-week high, indicating elevated option-implied market uncertainty which may affect equity and derivatives markets.
  • Commodity price declines - the significant falls in crude oil and Brent prices could weigh on energy sector names and sectors tied to oil input costs.
  • Concentrated stock declines within the SBF 120 - steep drops in specific stocks such as Eramet, Worldline and SES highlight idiosyncratic downside risks for investors in those names.

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