CAC 40 Rises More Than 1% As Stocks Recover From Recent Weakness
(RTTNews) - French stocks are up firmly in positive territory a little past noon on Tuesday as buying continues at several counters from across various sectors.
The market eyes France's new prime minister, François Bayrou's speech at parliament.
The benchmark CAC 40 was up 80.68 points or 1.09% at 4,489.32.
Michelin, Societe Generale, Safran, Renault, Credit Agricole, BNP Paribas, Teleperformance, LVMH and Veolia are gaining 2 to 3.4%.
Stellantis, Orange, Pernod Ricard, Carrefour, Essilor, Vinci, Accor, Bouygues, Hermes International and Airbus Group are up 1 to 1.5%.
Unibail Rodamco is declining by nearly 3%. STMicroElectronics, Edenred and Kering are modestly lower.
According to the data released by the government, France's government budget deficit narrowed to EUR 172.49 billion in the January-November period of 2024, down from EUR 197.97 billion in the corresponding period of the previous year.
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