CAC 40 gains as European markets outperform U.S. tech sector

The CAC 40 index in Paris rose 0.28% to 7957 points on Friday, marking a 2% gain for the week. This performance contrasted with the Nasdaq, which fell 1% on the day and 3.5% for the week, as European markets had less exposure to technology giants facing scrutiny over artificial intelligence financing.

U.S. investors question AI debt profitability

In the U.S., investors are questioning the profitability of AI-related debt amid high interest rates. The Federal Reserve's president Kevin Warsh indicated no immediate rate hikes, easing concerns and reducing expectations of an October increase. Bond yields are also easing as investors return to safer assets, while technology stocks remain under pressure.

Schneider Electric reports record revenue but stock declines

Schneider Electric reported a record third-quarter revenue of 11.46 billion euros, up 16.9% year-on-year, driven by demand for AI and data centers. The company raised its annual sales growth targets to 12% to 14% and improved profitability expectations. However, its stock fell 1.82% to 253.3 euros on Friday, despite the strong results, due to concerns over its acquisition of PTC and the sustainability of AI investments.

Luxury brand Brunello Cucinelli sees strong sales growth

Brunello Cucinelli, an Italian luxury brand, saw its shares rise 4.28% to 87.28 euros, leading the Milan stock exchange. The company reported a 13.5% sales increase in the third quarter, with strong demand from the U.S. and China. It raised its 2026 growth forecast to 12% and anticipates further growth in 2027.

Eutelsat stock surges after SpaceX restrictions in Ukraine

Eutelsat, a French satellite company, surged 17.11% to 1.76 euros on Friday, following restrictions on SpaceX services in Ukraine, which were ordered by the White House. The company benefits from European interest in alternatives to Starlink, with its OneWeb network of over 600 satellites. However, OneWeb cannot immediately replace SpaceX's larger network, and no new orders have been announced.

Gold prices near $4,000 as dollar strength affects demand

Gold prices approached $4,000 per ounce due to a strong dollar and high interest rates, making it less attractive compared to bonds. However, gold remains a safe-haven asset, offering portfolio diversification and protection against economic uncertainties. Investors are advised to consider programmed payments for gradual investment in gold, which can smooth out purchase prices over time.

Indonesian stock market suffers worst drop since 1998

The Jakarta Composite index fell more than 11% on Friday, its worst session since the 1998 Asian crisis, with nearly 40% loss since January. The decline is linked to MSCI's potential demotion of Indonesia from an emerging market, which could trigger capital outflows. MSCI criticizes Jakarta for lack of transparency and insufficient reforms.

Tesla unveils flying Roadster but production delayed

Tesla unveiled a new Roadster capable of flight, developed with SpaceX, during a demonstration in Texas. The vehicle can perform a flip and fly over cars, with a 0 to 100 km/h acceleration under a second. However, production is expected in 2028, and the flying version will not be certified for public roads.

Programmed payments help investors avoid market timing

Programmed payments involve automatically investing a fixed amount at regular intervals in a savings or investment product, helping investors avoid trying to time the market. This method can smooth out purchase prices over time but does not guarantee returns or protect against losses.