CAC 40 Gains In Cautious Trade
French stocks rose on Tuesday after recent string of losses on concerns over a combination of interest-rate, currency and economic risks.
The euro rose and the British pound stabilized after the Bank of England vowed it "will not hesitate" to change interest rates by as much as needed, intending to reassure markets unnerved by last Friday's budget.
The benchmark CAC 40 edged up 34 points, or 0.6 percent, to 5,802 after closing 0.2 percent lower on Monday.
Economy-sensitive automakers were on the rise, with Renault climbing 1.5 percent.
Travel related stocks also gained ground, with Franco-Dutch airline Air France KLM rising 1.2 percent.
Banks traded mixed as Eurozone bond yields hit multi-year highs.
Market Analysis
Reprinted from RTTNews，the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.