French stocks were modestly higher on Tuesday amid growing optimism over the passage of a $1.9 trillion stimulus package by the U.S. government.
House Democrats released a draft of stimulus plan on Monday evening, which includes $1,400 stimulus checks, $400 federal unemployment benefits, funding to state and local governments and vaccine distribution among other provisions.
Democrats are rushing to put the stimulus plan for a floor vote by the end of the month. Thereafter, the bill would go to the Senate for approval.
Meanwhile, China’s central bank pledged a “stable” monetary policy, helping ease recent concerns about liquidity squeeze.
The benchmark CAC 40 was up 9 points, or 0.2 percent, at 5,695 after rising half a percent in the previous session.
Total SE rose nearly 2 percent. After reporting better-than-expected fourth quarter earnings, the energy company pledged more cash for greener energy.
CAC 40 Edges Higher In Lackluster Trade
2021-02-09 09:21:31
