French stocks traded higher on Monday as a survey showed France’s manufacturing PMI improved to 46.40 in May from 45.30 in April.
Investors also braced for a key interest-rate decision from the European Central Bank this week.
The benchmark CAC 40 was up 38 points, or half a percent at 8,030 after closing up 0.2 percent on Friday.
Biopharmaceutical company Ipsen edged up slightly after saying it has initiated a share buy-back program to cover its free employee share-allocation plan and employee share plan.
China-related LVMH rose half a percent, Hermes inched up slightly and Kering rallied 2.6 percent after a private survey showed China’s factory activity grew the fastest in about two years in May due to production gains and new orders.
Market Analysis
CAC 40 Gains With Focus On Upcoming ECB Meeting
2024-06-03 08:55:03
