Overview

• The CAC 40 rose 0.40% to 7,969.69, trimming the prior day’s loss after Powell’s Jackson Hole remarks.
• U.S. equities rallied nearly 2%, boosting global risk appetite and supporting European indexes.
• Powell described a delicate backdrop in which import tariffs are being passed to consumers, posing a risk of rekindled inflation.
• Defensive French names lagged the upswing, with Danone down 0.81% to €73.14 as Bouygues and Orange hovered near flat.
• Some investors read the speech as signaling an imminent cut, though market analysts emphasized the message was more nuanced.