Overview

• By 9:45 a.m. in Paris, the CAC 40 was down 0.58% at 7,923.80 after Friday’s 0.40% rise to 7,969.69.
• Jerome Powell signaled policy could adjust if U.S. risks evolve, a nuanced stance widely read as opening the door to future rate cuts.
• Investors are watching Wednesday’s U.S. GDP update and Friday’s PCE inflation release, seen by analysts as the first test of the Fed’s orientation.
• Nvidia’s results due Wednesday are flagged as a potential swing factor for major U.S. equity indices, given its heavy index weight.
• Valneva sank about 24% to €3.84 after U.S. health authorities suspended authorization of its chikungunya vaccine, halting Ixchiq shipments and sales in the United States.