After surging nearly 1% at the opening bell and flirting with the 8,000-point mark, the Paris stock market saw its gains gradually erode throughout the day. By the closing gong, the Parisian index settled for a more modest 0.21% increase, ending at 7,934 points, buoyed by STMicro (+3.1%), Stellantis (+2.8%), and Saint-Gobain (+2%).

In France, the appointment of a new government over the weekend temporarily reassured investors, even as the 'common ground' supporting the Prime Minister appears increasingly narrow. A vote of no confidence in the coming days cannot be ruled out.

Global markets, which tumbled sharply on Friday amid renewed U.S.-China trade tensions--after President Donald Trump once again threatened Beijing with steep tariffs--found some relief as the U.S. president adopted a more conciliatory tone in recent hours. Trump indicated a willingness to 'help China, not harm it,' and left the door open for a negotiated solution between Beijing and Washington.

This shift was enough to calm investors: on Wall Street, the Nasdaq climbed 2%, outpacing the S&P 500 (+1.5%) and the Dow Jones (+0.9%).

Highlighting a 'disconnect between valuations and underlying stress signals,' Dorian Raimond, Head of Trading and Fixed Income Strategy at Hilbert Investment Solutions, nevertheless cautioned that prudence remains warranted. 'The extreme concentration of performance and the drying up of mechanical flows argue for an adjustment phase, especially as visible cracks in the private markets could amplify any correction,' he analyzed this morning.

It is also worth noting that the U.S. government shutdown continues due to the lack of a budget agreement, limiting the release of statistics typically published by government agencies. However, the economic calendar will not be entirely devoid of data, with Germany's final Consumer Price Index (CPI) and the ZEW economic sentiment indicator both due tomorrow.

Additionally, the Federal Reserve will publish its 'Beige Book' on Wednesday, providing an update on the nation's economic conditions.

Against this backdrop, the corporate earnings season kicking off this week will be closely watched by investors. Several heavyweights, including Goldman Sachs, JPMorgan Chase, Citigroup, and Wells Fargo, are set to report their quarterly results as early as tomorrow.

On the bond front, there were no quotes for U.S. Treasuries on Monday as rate markets were closed for the Columbus Day holiday. European markets handled routine business, with OAT and Bund yields frozen at 3.467% and 2.6300% respectively. Gold stood out, hitting a new all-time high of 4,100 USD per ounce (+2%).

In London, Brent crude soared 2.2% to 63.5 USD per barrel. The euro remained steady against the greenback at 1.156 USD.

In French corporate news, Nexans announced that the Board of Directors has appointed Julien Hueber as Chief Executive Officer, parting ways with Christopher Guérin. These decisions take effect immediately.

Canal+ and MultiChoice Group (MCG) announced the results of the Mandatory Public Offer launched by Canal+ for all shares of MultiChoice Group. Following the offer, Canal+ will hold approximately 94.39% of all MCG shares, with more than 90% of other MultiChoice shareholders accepting the bid.

TF1 Group has acquired from World Rugby the exclusive broadcast rights for the 2027 Rugby World Cup in Australia.

Finally, Forvia reported it has been selected to supply seats to South Korean automaker Hyundai and its subsidiary Kia for models produced and sold internationally--a first in the partnership between the two groups since 2002.