The CAC 40 fell 0.1% to close at 8,115 on Friday as markets digested an anticipated Federal Reserve rate cut next week, with traders pricing roughly a 90% chance of a 25 bps move after US price pressures eased and labour data showed further cooling. Top laggards included Orange down 2.1% Societe Generale down 1.5% TotalEnergies down 1.4% Legrand down 1.3% and Engie down 1.2% while Bouygues lost 0.5% after its Colas unit Destia won the first phase of a €230 million contract for Vantaa’s western tramway in a larger €750 million scheme. Danone was mostly flat after unveiling a 3.8 million share buyback beginning December 5 to offset employee dilution. On the macro front industrial production rose 0.2% in October instead of the expected 0.3% contraction and the trade deficit narrowed to a 10-month low as imports fell to their weakest level in four years.