Overview

• CAC 40 edged down 0.24% to 7,960 on Wednesday after a 1.21% jump Tuesday that followed renewed hopes for Ukraine talks after President Trump met Volodymyr Zelensky and earlier Vladimir Putin.
• Markets expect a Federal Reserve rate cut in September, though the subsequent policy path remains uncertain ahead of Powell’s remarks at the Wyoming symposium.
• Risk aversion from a U.S. technology pullback weighed on equities, with the Nasdaq down about 1.45% around 13:55 GMT and big names such as Nvidia, Apple, Tesla and Amazon extending losses.
• European defense shares weakened Tuesday, with Thales down 4.11%, as reports of Ukraine seeking large U.S. arms purchases and European financing tempered the sector’s outlook.
• Stock-specific moves included Valneva rising after Health Canada approved its chikungunya vaccine, while Carmat said trading will resume Thursday following a takeover offer to be reviewed on September 30.