The CAC 40 rose 0.6% to around 8,120 points on Monday, bouncing back from modest losses in the previous session, as investors returned to risk assets after a somewhat gloomy finish to last week. Luxury stocks led the gains, with Kering up 2.7%, Hermes +1.5%, and LVMH +0.8%. Industrial, energy, and infrastructure shares also performed steadily, including Schneider Electric (+1.5%), Saint-Gobain (+1.3%), and TotalEnergies (+0.8%). On the downside, Sanofi fell nearly 5% amid expectations that the US FDA would delay its decision on the multiple sclerosis drug tolebrutinib. Orange declined 1.0% following the announcement that it will fully acquire MasOrange in Spain for €4.25 billion, with the deal expected to close in the first half of 2026, pending regulatory approvals. Additionally, defense stock Thales slipped 0.3% after Ukrainian President Volodymyr Zelensky signaled a willingness to abandon aspirations to join NATO.