CAC 40 Gains On Earnings Boost
(RTTNews) - French stocks were sharply higher on Thursday as investors cheered strong earnings results and waited for U.S. inflation data due next week for additional clues on the U.S. rate outlook.
The benchmark CAC 40 was up 80 points, or 1.1 percent, at 7,199 after declining 0.2 percent on Wednesday.
Vinci jumped 2.2 percent. After posting strong financial results for fiscal year 2022, the construction and infrastructure company said it expects a further increase in turnover and operating profit in 2023.
Lender Credit Agricole soared 4.2 percent after reporting a higher-than-expected profit in the fourth quarter on lower provisions and a strong performance at its investment banking division.
Airbus gained half a percent after reports that it may appoint an interim CFO.
Dollar Rises Amidst Mixed Jobs Data, Soft Inflation
Bay Street Likely To Extend Gains On Commodities Strength
Major European Markets Largely Subdued In Thin Trading
FTSE 100 Slips Nearly 0.5%; Mining Stocks Move Up
CAC 40 Down Nearly 0.5% In Cautious Trade
Asian Stocks Track Wall Street Higher
DAX Down Marginally Amid Lackluster Trade
