The CAC 40 was little changed at 8,120 points during the first trading session of November, hovering near its lowest level since mid-October, as investors appeared to pause for breath after a packed week marked by major corporate updates, key central bank decisions, and a trade truce between the US and China. The ECB held interest rates steady while maintaining its inflation outlook, whereas the Federal Reserve adopted a more cautious tone, dampening expectations of a December rate cut. Market participants now await this week’s ADP employment report for further insights into the health of the US labor market. Among individual movers, Renault rose 1.9% after the automaker and Geely finalized agreements to expand their strategic partnership in Brazil. Orange gained 1.4% after announcing a non-binding agreement with Lorca to acquire the remaining 50% stake in their Spanish joint venture MasOrange for €4.25 billion in cash.