Overview

• The CAC 40 declined 0.50% to 7,884.05 points on Monday as investors took cautious positions.
• Traders are awaiting a Washington summit where Zelensky and Trump will discuss Ukraine ceasefire prospects, territorial concessions and security guarantees.
• Defence stocks outperformed, with Thales up 1.36% and Dassault Aviation rising 0.80%, on expectations that a concession deal could prompt increased European rearmament.
• Valneva’s shares jumped about 6% after Health Canada granted market authorization for its chikungunya vaccine Ixchiq in individuals aged 12 and above.
• Fed Chair Jerome Powell’s planned Jackson Hole address underscores that U.S. interest rates are likely to stay unchanged.