CAC 40 Posts First Record High Close Since Dot-Com Era

  • LVMH, BNP Paribas among CAC 40 members that fueled gains
  • Luxury stocks remain crucial for the CAC 40’s prospects
Birkin bags in a Hermes International boutique in Paris, France.Photographer: Benjamin Girette/Bloomberg
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France’s benchmark CAC 40 Index posted its first record close since the dot-com era, helped by booming demand for luxury goods, and a rebound in energy and banking stocks.