Just watching the French markets and CAC 40 is having a solid day today. Up about 0.5% with some nice tailwinds from softer inflation numbers coming out of INSEE. The data's showing consumer prices basically flatlined - CPI only rose 0.3% year-over-year in January, which is the weakest we've seen since late 2020. That's way below what the ECB is targeting, so traders are definitely liking that. Defense stocks are leading the charge right now. Thales is up almost 5%, and you've got STMicroelectronics climbing 3.2%. The India-France defense agreement is giving that sector a boost. ArcelorMittal and Schneider Electric are also doing well, both up around 3%. Pretty much all the big names are in green - Safran, Airbus, TotalEnergies, the usual crowd. Not everything's winning though. Carrefour got hit hard, down over 5% after missing on operating profit due to acquisition costs. Pernod Ricard and EssilorLuxottica are also sliding. But overall the soft inflation backdrop is keeping sentiment pretty positive. Feels like a decent risk-on day for European equities.