CAC 40 Modestly Higher Ahead Of Confidence Vote
(RTTNews) - The French market is up in positive territory on Monday despite investors staying a bit cautious ahead of the crucial confidence vote that could cost Prime Minister François Bayrou his post.
Expectations of a rate cut by the Federal Reserve next week appear to be aiding sentiment a bit.
The benchmark CAC 40 was up 31.07 points or 0.4% at 7,705.85 a few minutes ago.
Schneider Electric is gaining about 2.5%. Bouygues, Saint Gobain, Michelin, Legrnd, Credit Agricole, Unibail Rodamco, Airbus and ArcelorMittal are up 1 to 1.25%.
TotalEnergies, Accor, Vinci, Kering, Societe Generale, Dassault Systemes and Veolia Environment are up with modest gains.
Edenred is down more than 6% amid prospects of a dselay in the adoption of the meal voucher reform. The project has already been postponed several times due to changing political conditions in the country.
Danone is losing about 1%, while Pernod Ricard, Orange, Teleperformance, Safran, L'Oreal, Sanofi and Essilor Luxottica are down 0.4 to 0.8%.
Results of a survey showed investor morale in the euro zone plunged in September to its lowest level since April. The Sentix index for the region unexpectedly fell to -9.2 in September from -3.7 in August. The investor sentiment index was seen rising to -2.2 in September.
Canadian Dollar Falls Against Euro
Swiss Stock Market Extends Losing Streak
European Shares End Under Water On Friday
FTSE 100 Lags In Global Stocks Rally
UK Economy Unexpectedly Shrinks In October
CAC 40 Extends Gains
Pound Slides As U.K. Economy Shrinks
