French stocks advanced on Tuesday as encouraging data helped ease investor concerns over slowing growth.
The French Services PMI slipped from 56.3 to 56.2, but that was up from a preliminary reading of 56.0.
Industrial production growth doubled in August largely driven by the rebound in the manufacture of machinery and equipment and mining, separate data showed.
Industrial production grew 1 percent month-on-month, faster than the 0.5 percent increase in July. Economists had forecast the rate to slow to 0.3 percent.
The benchmark CAC 40 edged up 32 points, or half a percent, to 6,509 after closing 0.6 percent lower the previous day.
Banks BNP Paribas, Credit Agricole and Societe Generale jumped 2-3 percent as bond yields surged to 18-month high.
Market Analysis
CAC 40 Edges Higher As Industrial Output Growth Doubles
2021-10-05 09:16:25
