The CAC 40 edged up 0.6% on Monday to around 8,035 points, extending last week’s choppy upward trend, supported by growing optimism on strengthening bets for US interest rate cuts. Reports that US officials may allow NVIDIA to sell its H200 AI chips to China boosted tech stocks, with STMicroelectronics up 2.7% and Dassault Systèmes up 2.3%. BNP Paribas rose 1.2% after announcing a €1.15 billion share buyback programme for 2025. Stellantis advanced 3.1% on Jon Nelson’s reintegration as Head of Financial Services and Leasing Companies, effective January 2026. In contrast, defense stocks came under pressure amid continued US and Ukrainian efforts to develop plans to end the war, with Thales falling 1.5%. Meanwhile, Pernod Ricard declined 3.1%, in line with its ex-dividend date of €2.35 per share (part of an annual dividend of €4.70).
