On Monday, the CAC 40 index increased by 0.6% to approximately 8,035 points, building on last week's volatile upward trajectory. This rise was primarily fueled by increased optimism regarding potential interest rate cuts in the US. The technology sector received a boost after reports suggested that US authorities might permit NVIDIA to sell its H200 AI chips to China. This news propelled shares in companies such as STMicroelectronics, which rose by 2.7%, and Dassault Systèmes, which gained 2.3%.
BNP Paribas experienced a 1.2% rise following its announcement of a €1.15 billion share buyback program scheduled for 2025. Stellantis saw a significant gain of 3.1% due to the news of Jon Nelson's return as Head of Financial Services and Leasing Companies, effective January 2026.
However, defense stocks faced downward pressure amid ongoing US and Ukrainian efforts to devise strategies to conclude the war, which led to a 1.5% decline in Thales shares. Pernod Ricard also saw a decrease of 3.1%, corresponding with its ex-dividend date of €2.35 per share, which is part of an annual dividend totaling €4.70.
