French stocks saw a minor dip on Monday as investors intensively monitored escalating Middle Eastern conflicts. In addition, they're also anticipating insights on monetary policy outlook from an upcoming congressional testimony by Federal Reserve Chair, Jerome Powell, set for the 6th and 7th of March.
Meanwhile, considering the complex economic setting of the week, the European Central Bank is projected to maintain interest rates constant. The key French stock market index, CAC 40, has diminished by 10 points, a decrease by 0.1%, settling at 7,923, following a marginal ascent on Friday.
BNP Paribas, a dominant figure in financial services, saw a gain of 1.5% after announcing a share buyback program valued at 1.055 billion euros. This repurchase timeframe will commence on the 4th of March and is expected to conclude by the 23rd of April at the latest.
