Overview
- Paris’s CAC 40 slipped 0.33% on Monday as investors weighed the looming July 9 US tariff increase against progress in trade talks.
- Wall Street opened higher, with the S&P 500 up 0.21% and the Nasdaq rising 0.19%, after Canada scrapped its tech tax to resume negotiations and the US-China rare-earths export deal was confirmed.
- Last Friday, the S&P 500 and Nasdaq set fresh intraday records, erasing earlier losses tied to tariff uncertainty.
- Investors are positioning ahead of Tuesday’s ISM manufacturing reading and Thursday’s US employment report, both due before the Independence Day holiday.
- French artificial-heart maker Carmat filed for judicial reorganization and requested a trading suspension from June 30, underscoring corporate sector vulnerabilities.