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The French Blue Chip stock index the CAC 40 closed the last day of the year down 0.9% to 5,565 and down 7.1% for 2020. The CAC recovered from the panic selling in March to a 4-year low on the back of the coronavirus pandemic and subsequent lockdowns. France's stocks were well off the record highs seen in Germany and the US in 2020 but performed better than in the UK and Spain.

CAC 2020

The CAC 40 closed on New Year’s Eve at 5.565 points, a loss of 7.1% for 2020

The CAC 40 bottomed in March at a 4-year low as sentiment has been supported by the massive fiscal and monetary policy support globally and more recently the roll-out of COVID-19 vaccines and a post-Brexit trade deal atyear end. However major concerns about the impact of current restrictive measures amid a new strain of coronavirus traced to South Africa and the UK have been limiting gains.

How Global Indices fared in 2020

The euro however rallied against the US dollar as massive US QE weakened the dollar and relief that the UK-EU free trade deal had been agreed boosted the euro. The stronger euro helped soften losses for overseas investors in the French stock market.

EUR W 12 31 2020

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