Overview

• The CAC 40 closed at 7,830.11, down 0.30% for the day after an early dip to 7,811.91 around 09:30.
• Last week’s first Fed rate cut since December initially lifted equities, but the boost faded as markets sought fresh catalysts.
• Investors looked to Friday’s PCE inflation reading in the United States as the week’s pivotal release, with European PMI data due Tuesday also in focus.
• Sector pressure came from autos after German profit warnings, pushing Stellantis down 2.64% and Renault down 1.55% on contagion fears.
• Sanofi reported a positive CHMP opinion for Dupixent in chronic spontaneous urticaria for patients 12 and older, a step toward EU marketing authorization.