The Paris Stock Exchange ended down on Wednesday, weighed down by the fall of the Renault title, the group having announced, the day before, lower its annual financial forecasts.
The star index of the Paris Stock Exchange lost 0.57%, or 44.12 points, to stand at 7,722.09 points. The day before, the CAC 40 finished down 41.96 points (-0.54%).
The session was marked by “two European heavyweights”, the Dutchman ASML and the French Renault, who “disappointed in their results, enough to pluck the indices” of the old continent, comments Philippe Ledent, an economist expert at ING.
The title of the French car manufacturer Renault has dropped sharply (-18.47% to 33.63 euros, by far the strongest tuning in CAC 40 Wednesday) after the group announced lower its annual financial forecasts, the company pointing to the “deterioration of the dynamics of the automotive market”.
“Renault published preliminary results for the first half of 2025 lower than the expectations of the consensus, forcing the company to lower its annual forecasts”, summarize the analysts of Natixis in a note.
It is “a big disappointment, which therefore leads to a strong market effect”, notes Philippe Ledent. “Renault sowed the disturbance throughout the European automotive sector”, leading to other values in its fall, he continues.
Stellantis finished down 6.13% to 8.01 euros. Same effects on the side of equipment manufacturers, with in particular Forvia which lost 4.16% to 9.53 euros.
The manufacturer must give more details on its cost reduction plan on July 31, during the complete presentation of its half -yearly results.
Euronext CAC40
Posted on July 16 at 7:07 p.m., AFP
