FX.co ★ CAC 40 Dips Ahead of US Inflation Data

The CAC 40 index slightly declined to 8,215 points on Friday as global investors exercised caution prior to the anticipated release of delayed US inflation data for September, which is scheduled for later today. The report is expected to reveal a second consecutive month of accelerating inflation, a factor that could influence expectations for the Federal Reserve's meeting next week. Markets are nearly certain of a 25-basis-point rate cut. In other economic news, the preliminary PMI survey indicated that France's private sector experienced its sharpest contraction since February in October, largely due to significant declines in both services and manufacturing output. On the corporate side, Safran's shares dropped by 1% despite the company raising its targets for 2025, following better-than-expected third-quarter sales. Conversely, Sanofi saw its shares rise 2.9% after exceeding quarterly forecasts and reaffirming its full-year guidance.