CAC 40 index rises with tech stocks

The CAC 40 index gained 0.51% to 7,887 points on Tuesday, with technology stocks driving the increase. STMicroelectronics rose 7.06%, while Schneider Electric and Legrand each climbed more than 2%, supported by their involvement in data center infrastructure.

Nasdaq rebounds on Anthropic’s IPO

The Nasdaq index rose 1.2% as investors reacted positively to Anthropic’s plans for an initial public offering. The company, known for its AI chatbot Claude, is expected to launch its IPO as early as mid-November, potentially marking a historic event in the tech sector.

Boeing faces losses and slower production

Despite the overall positive sentiment, Boeing’s stock fell 9.6% after reporting losses that exceeded expectations. The company also announced a slower-than-anticipated ramp-up of its 737 Max aircraft, raising concerns among investors.

Oil prices dip amid Middle East hopes

Brent crude oil prices fell below $115 per barrel, offering some relief to markets. This decline was partly attributed to renewed diplomatic hopes in the Middle East, which could reduce tensions and impact energy demand.

Federal Reserve decision expected soon

The Federal Reserve is set to announce its decision on interest rates on Wednesday, with markets expecting a pause in rate hikes. However, comments from Fed President Kevin Warsh could significantly influence future monetary policy and market movements.

Tech giants to release quarterly results

The coming week will be busy with the release of quarterly results from major tech companies including Alphabet, Microsoft, Apple, and Amazon. These reports will provide insights into their performance and could affect market sentiment.

Orange improves financial results

French telecommunications company Orange closed at 14.26 euros, despite a quarterly report that exceeded expectations. The company reported a 3.6% revenue increase and a 4.6% rise in operating profit, leading it to slightly raise its annual growth target.

Political and budgetary challenges persist

Despite improved financial results, Orange faces ongoing challenges in France, where half of its operating profit is generated. Political and budgetary issues, along with pressure on average revenue per customer, continue to impact the company.

Kylian Mbappé controversy hits On

Swiss sports equipment manufacturer On saw its stock decline 2.83% after Kylian Mbappé made controversial comments about Mao Zedong. The remarks sparked outrage in China, where On operates a significant number of stores and relies heavily on the Asian market.

Investor concerns over brand reputation

The controversy has raised concerns about On’s brand image and its expansion plans in China. Despite a 54.7% sales increase in the Asia-Pacific region, the company faces potential setbacks due to the ongoing situation involving Mbappé.

SBF 120 index sees varied performance

In the SBF 120 index, Genfit, Nanobiotix, and STMicroelectronics recorded strong gains, while Exosens, Valeo, and Edenred faced declines. Exosens, despite a 23.5% sales increase, saw its stock fall due to a declining gross margin.

Exosens confirms annual targets

Despite the stock decline, Exosens confirmed its revised annual revenue targets and continues to invest in its industrial capacity. The company’s strong demand for military equipment, particularly in drones and night vision systems, supports its growth.

Anthropic’s IPO reveals massive losses

Anthropic, the creator of Claude, published its IPO prospectus, revealing $16.3 billion in revenue for the first half of 2026 but also a net loss of $80.7 billion. The company’s operating loss amounts to $693 million, highlighting the high costs of AI development.

Investor valuations remain high

Despite the losses, some investors value Anthropic at around $1.5 trillion, down from $2 trillion a week earlier. The IPO could serve as a test for the AI sector, influencing the valuations of other AI companies like OpenAI.

Fed decision and company results on tap

Tomorrow’s market focus includes the Federal Reserve’s interest rate decision and speeches from Fed officials. Company results from Airbus, BNP Paribas, Danone, Dassault Systèmes, and Stellantis will also be closely watched.

Alphabet and Microsoft to highlight AI growth

After the American market closes, Alphabet and Microsoft will release their results, drawing attention to their AI investments and growth prospects. These reports could lead to a volatile session on the Nasdaq.

Gross margin as a key financial indicator

The gross margin is a measure of a company’s profitability after deducting direct costs of production and sales. It helps investors assess a company’s efficiency before considering other expenses, such as administrative or financial costs.