Overview
- Paris’s CAC 40 slipped about 0.45% in morning trade to 8,037.80 points as investors digested a fresh wave of mixed corporate results.
- Wall Street closed lower with technology leading declines, as the Dow fell 0.84%, the Nasdaq 1.90%, and the S&P 500 1.12%.
- The prolonged U.S. shutdown has halted key official releases, including the Fed’s preferred PCE inflation gauge, complicating the economic outlook.
- A majority of U.S. Supreme Court justices signaled doubts about the legality of major Trump-era tariffs, injecting trade and fiscal uncertainty.
- Legrand tumbled 10.97% after 6.7% organic Q3 growth missed consensus, Air France-KLM fell 12.47% as net profit slipped 7% to €768 million, while ArcelorMittal jumped 5.72% after a $377 million Q3 profit and urged swift EU approval of its steel plan.