15 September 2025, 12:55 France: Stocks Open Higher Despite Fitch Downgrade.
Paris’s CAC 40 opened 0.3% higher at 7,860 on Monday, extending last week’s momentum even after Fitch cut France’s long-term credit rating to A+ from AA-, citing rising debt and political instability. Investor focus this week is on central bank decisions, with markets widely expecting the Federal Reserve to deliver a 25-basis-point rate cut, while the Bank of Japan and the Bank of England are seen holding policy steady. In stocks, Veolia rose 0.2% after signing a $500 million deal with SATORP, alongside Marafiq and Lamar, to build a large-scale industrial wastewater recycling plant in Jubail, the Middle East’s largest petrochemical hub. Gains were also supported by STMicroelectronics (+1.3%), Stellantis (+0.9%), Kering (+0.7%), and Thales (+0.7%).
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