CAC 40 rises with earnings optimism

French stocks rose on Wednesday as optimism over economic recovery and profit growth outweighed concerns about the spread of Delta variants in China.

IHS Markit today talks about growth in French jobs Activity declined sequentially in July as material supply turmoil hit trade in the eurozone’s second-largest economy.

The country’s service sector final purchasing manager index fell from 57.8 in June to 56.8 points in July.

The overall composite PMI index, which includes the services and manufacturing sectors, fell from 57.4 to 56.6 points, slightly below the initial forecast of 56.8.

Benchmark CAC 40 rose 36 points (0.5%) to 6,760 after rising 0.7% in the previous session.

Thales shares rose 1.5%. The aerospace company announced that it is in preliminary talks to sell its rail signal business to Hitachi, Japan for about $ 2 billion.

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CAC 40 rises with earnings optimism

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