After gaining up to 2.8% shortly after the opening, the CAC40 saw its gains slowly eroded over the course of the session. It finally closed the day with a 1.09% gain, at 7561 points, driven in particular by Teleperformance (+4.5%) and the banking sector, with +3.6% for BNP Paribas and +3.1% for Société Générale.

Across the Atlantic, the trend remained indecisive, with the S&P and Dow Jones at equilibrium, while the Nasdaq gained 0.3%.

In France, the final results of the legislative elections showed the RN with 33% of the vote, ahead of the Nouveau Front Populaire (28%) and Ensemble, the presidential coalition (20%).

Even if the probability of an absolute majority for the Rassemblement National is not completely nil at this stage, the first declarations by the various political formations on possible withdrawals, and therefore the opening of negotiations with a view to the second round, will make the scenario of an absolute majority difficult", analyzes Alexandre Baradez, Head of Market Analysis at IG France

This deadlocked situation will nevertheless force Emmanuel Macron to cohabit with an a priori hostile Assembly during the last three years of his second term.

The next government will be less willing and less able to reduce France's budget deficit than the outgoing one", worries Jack Allen-Reynolds, economist at Capital Economics.

On the bond front, the second half of the year is off to a rather poor start, with the 10-year German Bund reaching 2.60% (+11pts), while the French OAT has stabilized at around 3.34%, i.e. a spread of 74pts, significantly reduced from Friday's 83pts.

The fall in Bunds appears somewhat paradoxical, given that Germany's inflation rate is expected to come in at +2.2% in June, according to Destatis' preliminary estimate, after +2.4% the previous month.

In France, the PMI HCOB index for French manufacturing industry, produced by S&P Global, fell from 46.4 in May to 45.4 in June, highlighting an acceleration in the sector's contraction compared with the previous month.

Meanwhile, the HCOB PMI index for Eurozone manufacturing industry, produced by S&P Global, fell from 47.3 in May to 45.8 in June, highlighting a sharp deterioration in the sector's economic situation, as well as an acceleration in its contraction (below the technical threshold of 50).

Released this morning, China's manufacturing PMI for June stood at 49.5, unchanged from May, according to data from the State Bureau of Statistics (BES).

Still below the 50-point threshold indicating a contraction in activity, this indicator 'highlights the persistent weakness of the economy' in the view of Commerzbank's analysts.

Tomorrow, traders will learn of the latest inflation figures for the eurozone, followed by the ISM services index for the US on Wednesday and the monthly US employment report, scheduled for Friday.

In the news from French companies, Airbus (+2.6%) announced that it had reached a binding agreement with Spirit AeroSystems for the potential acquisition of major activities linked to its own commercial aircraft programs, in order to ensure the stability of their supply.

Vivendi announced that it had reached a settlement agreement with all institutional investors seeking financial compensation for allegedly inaccurate financial communication by its former management between 2000 and 2002.

Atos announced on Sunday that it had reached an agreement on the main terms of a financial restructuring plan with a group of banks and bondholders.

TotalEnergies announces the acquisition of Tecoil, a Finnish company specializing in the manufacture of Re-refined Base Oils (RRBOs) and 'currently boasting the most efficient used oil reprocessing process on the market'.

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