The CAC 40 edged down 0.2% to close at 8,400 on Monday, weighed by losses in the luxury sector. Luxury stocks came under pressure after Jefferies cut its price target for Hermes to €2,000 from €2,400, citing persistent mixed trends in China and a weaker-than-expected first quarter that undermined confidence in the group’s ability to sustain its industry-leading growth and profitability. Hermes fell 5.9%, while peers LVMH dropped 3.6%, L'Oreal lost 0.5%, and Kering declined 2.1%. On the geopolitical front, oil prices fell after US and Iranian officials concluded their first round of talks in Switzerland, easing concerns over energy-driven inflation pressures. Industrial stocks posted gains, with Safran up 0.5% and Schneider Electric adding 1.2%. STMicroelectronics advanced 2.2% after launching the VL53L9, a compact direct Time-of-Flight 3D LiDAR module designed for high-resolution sensing.