The CAC 40 index in Paris has experienced a notable upward trend, marking its ninth consecutive session of gains. The index opened above 7,900 points for the first time since June 2024, driven by a resurgence in the luxury sector. Analysts noted that the CAC 40's performance has been buoyed by positive market sentiment, with expectations surrounding upcoming Purchasing Managers' Index (PMI) data. The index's rise follows a record close for the DAX, suggesting a broader positive trend in European markets. Despite the upward momentum, some market observers indicated that the 8,000-point milestone may take longer to achieve.