French stocks rose on Tuesday after Federal Reserve Chairman Jerome Powell said the US economic outlook was clearly brightening amid rising vaccination rates and fiscal stimulus. Economy “I haven’t left the forest yet.”
“Recovery is gaining strength, but slow for those with low-paying jobs,” Powell said at a National Community Reinvestment Union event on Monday.
Separately, the Fed’s governor, John Williams, said the current situation was “not enough” to change the stance of monetary policy.
Benchmark CAC 40 rose 14 points (0.2%) to 6,322 after adding 0.6% in the previous session.
Dassault Airlines soared 7.5 percent after the Egyptian Ministry of Defense decided to purchase an additional 30 Rafale fighters to equip its troops.
Air France KLM has made 1.4% progress in the hope that France will publish a so-called “green list” of countries where it can go on holidays.
Media group Vivendi fell slightly after agreeing to end years of legal sparring over abandoned pay-TV trading.
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CAC 40 has a higher edge in hopes of recovery
Source link CAC 40 has a higher edge in hopes of recovery