CAC 40 Rises 0.73% to 8,393.78 Points at Midday
Published on 11/12/2026 at 13:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSCAC 40 Advances Despite AI Volatility
- The CAC 40 stood at 8,393.78 points at 12:11 CET on November 12, 2026, up 0.73% from the previous close.
- Lower oil prices and strong European corporate earnings supported sentiment.
- Investors rotated toward defensive and consumer-facing sectors as Nvidia-related uncertainty weighed on technology stocks.
The CAC 40 was trading at 8,393.78 points at 12:11 CET on Thursday, November 12, 2026, according to finanzen.ch. The index was 60.91 points, or 0.73%, above the CAC 40's previous close of 8,332.87 points on Wednesday. The calculation uses the reported index levels and describes an intraday position, not a closing value.
Oil and Defensive Stocks Support Paris
Lower oil prices helped ease inflation concerns and supported the broader European equity market. Brent crude was reported at $92.05 a barrel after recovering from a sharper early decline, but it remained about 0.8% lower at the time of the market update. The move helped create a more favorable backdrop for equities despite continuing geopolitical risks.
Within the CAC 40, LVMH, Saint-Gobain and Hermes International were each up nearly 2%, while Sanofi, Kering and Michelin gained between 1.4% and 1.5%, according to finanzen.ch. Euronext was down more than 1%, while Thales, EssilorLuxottica, Eurofins Scientific, Dassault Systemes, Renault and STMicroelectronics were also lower. The advance was therefore supported by selected large-cap names rather than a uniform rise across all constituents.
AI Uncertainty Changes Sector Leadership
Market attention remained focused on reports that Nvidia's board was considering whether to remove Chief Executive Jensen Huang. Morningstar's midday briefing said European investors were rotating away from artificial-intelligence stocks after the overnight shock. Technology was the weakest-performing European sector after the open, while healthcare stocks advanced and semiconductor manufacturers came under pressure.
That sector rotation did not prevent European benchmarks from rising. Reuters reported that strong third-quarter earnings, easing geopolitical tensions and lower energy prices were supporting European shares. The news agency also noted that Europe's smaller exposure to AI-linked companies had helped the region outperform Asian and US markets as investors questioned high valuations and debt-funded AI spending.
Fourth Consecutive Gain in View
The CAC 40 entered Thursday's session after closing at 8,332.87 points on November 11, up 0.66% for the day, according to Dow Jones data published by Morningstar. At the reported intraday level, the index was on course to extend its winning streak, although the session remained open and the level could still change materially before the Paris close. Further coverage of the CAC 40 is available on the CAC 40 topic page.
