On Monday, French stocks exhibited stability as investors exercised caution in anticipation of a likely Federal Reserve interest-rate cut later this week. Market participants are debating whether the Federal Reserve will opt for a 50-basis-point (bps) reduction or maintain a 25-bps cut.
The benchmark CAC 40 index edged slightly higher, reaching 7,471 after a 0.4 percent increase on Friday.
Ipsen SA saw a significant rise of 5.5 percent. The pharmaceutical company decided to terminate its plans to commercialize a treatment for prostate cancer following a late-stage trial that failed to achieve its primary endpoints.
Rexel, an electrical supplies distributor, surged 10 percent after disclosing that it had rejected an unsolicited preliminary offer from QXO, led by billionaire Brad Jacobs.
Conversely, Vallourec SA's shares were moving lower. The company, which specializes in seamless tubular solutions, has agreed to acquire Thermotite do Brasil Ltda., a provider of thermal insulation pipe coating services for the offshore oil and gas sector, from Mattr Corp. for $17.5 million in a cash-free, debt-free transaction.
