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Definition

The trading system used in the 1980's and 1990's by the Paris Bourse in France. This system gave way to the Nouveau Systeme de Cotation (NSC) in 2000, but the CAC40 index has retained the initials and is the benchmark index of the Euronext in Paris. It is a market capitalisation-weighted index of the 40 largest French shares on the Euronext Paris (previously the Paris Bourse). The CAC40, like most European indexes takes its lead from Wall Street.

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