CAC 40 Rises Before First Round Of Snap Elections

RTTNews | Před 367 dny
CAC 40 Rises Before First Round Of Snap Elections

(RTTNews) - French stocks traded higher on Monday ahead of the first round of French parliamentary elections this week.

Opinion polls published before the election revealed that the coalition of right-wing parties led by Marine Le Pen of National Rally (RN) party is set to emerge as the single-largest party in French elections to be held in two phases on June 30 and July 7.

The benchmark CAC 40 was up 41 points, or half a percent, at 7,669 after losing 0.6 percent on Friday.

In corporate news, Safran rose about 1 percent after it entered into exclusive discussions to acquire 100 percent of Preligens for an enterprise value of 220 million euros.

Valneva SE jumped 8.5 percent after Health Canada approved IXCHIQ, the company's single-dose vaccine for the prevention of disease caused by the chikungunya virus in individuals 18 years of age and older.

Eurofins Scientific plummeted 19 percent after research firm Muddy Waters recommended a "short" position on the stock.

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A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits unexpectedly fell in the week ended June 21st.
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FTSE 100 Rises 0.4%; 3i Group Climbs Nearly 5%

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U.K. stocks are modestly higher in early afternoon trades on Thursday amid easing tensions about the conflict between Israel and Iran. Positive reaction to NATO's decision to increase its defense spending target from 2% to 5% of GDP over the next ten years is contributing as well to market's positive move.
RTTNews | Před 2 h 23 min