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Patrick Artus: CAC 40 trading at abnormally high levels

Economist Patrick Artus argues the CAC 40 is trading at abnormally high levels relative to economic fundamentals and profitability prospects.

Published 19sem1 sourceNotableupdated 3sem
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The fact

The overvaluation of France's main stock index contrasts with structural economic challenges and persistent geopolitical uncertainty.

Artus's diagnosis alerts investors to risks of stock market correction or consolidation in the medium term.

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