Overview

• By 09:45 in Paris, the CAC 40 was down 0.24% at 7,960.23 as a global tech sell-off weighed on European names including STMicroelectronics, Soitec and Capgemini.
• Attention has pivoted to the central bankers’ gathering in Jackson Hole, with markets largely expecting a September Fed cut but with the subsequent policy path uncertain.
• Tuesday’s 1.21% CAC 40 jump followed Trump’s meeting with Zelensky and his plan to start preparing a Zelensky–Putin meeting, though President Macron cautioned against over-optimism.
• Defense stocks reversed on Tuesday as procurement signals pointed to more U.S. equipment, with Thales closing down 4.11% in Paris.
• Carmat said trading in its shares will resume Thursday after the artificial-heart maker received a takeover offer from chairman Pierre Bastid that goes back to court on September 30.