Overview

• France’s CAC 40 fell 1.59% on Monday, underperforming Germany and Italy after Prime Minister François Bayrou said he will seek a confidence vote on 8 September.
• During Bayrou’s announcement, the index dropped from roughly 7,930 to 7,852 within an hour, reflecting heightened political risk sensitivity.
• The French 10‑year yield edged up about one basis point to 3.493% between 16:00 and 16:40, while Italy’s moved higher at roughly half that pace.
• Valneva shares sank about 24% after U.S. health authorities suspended authorization for its chikungunya vaccine Ixchiq, halting shipments and sales in the United States.
• Wall Street opened lower as investors weighed Jerome Powell’s signal that rate cuts are possible pending data and looked ahead to U.S. GDP, PCE inflation, the August jobs report, and Nvidia’s results on Wednesday.