CAC40 Holds Steady Amidst Wall Street's Tepid Opening, Driven by Automotive Sector and Strong Jobless Claims

The Paris stock exchange (CAC40) has remained stable around 8,125 points despite a cautious opening on Wall Street. The automotive sector is driving the advance, with Renault up 5.3%, Stellantis up 4%, and Schneider Electric gaining 3.2%. US jobless claims dropped to 191,000, the lowest level in over three years, fueling wage pressures. The Federal Reserve's preferred inflation gauge, the PCE price index, will be crucial in the coming week.