French stocks experienced modest gains on Monday, building on momentum from the previous session after Federal Reserve Chair Jerome Powell hinted at forthcoming interest-rate cuts.
"The direction is clear, and the timing and pace of rate cuts will depend on incoming data, the evolving outlook, and the balance of risks," Powell stated during the Jackson Hole Economic Symposium on Friday.
The benchmark CAC 40 inched up by 11 points, or 0.1 percent, reaching 7,587 after a 0.7 percent rise on Friday.
However, gains in the broader market were limited due to escalating tensions in the Middle East following recent strikes between Israel and Hezbollah.
Additionally, investors are eyeing key German and Eurozone data releases this week, which are expected to play a critical role in the European Central Bank's interest-rate decision in September.
Of particular importance will be the EU's flash inflation data for August, which will be a significant factor for the ECB as it deliberates its next interest-rate move.
