French stocks were sharply higher on Tuesday as Russia – Ukraine peace talks began amidst frosty atmosphere without a handshake.
Ukraine’s Foreign Minister Dmytro Kuleba said that discussions would focus on easing the humanitarian situation in Ukraine, with a ceasefire being the “maximum” goal of the talks.
The benchmark CAC 40 jumped 112 points, or 1.70 percent, to 6,701 after gaining half a percent on Monday.
Banks topped the gainers list, with BNP Paribas, Credit Agricole and Societe Generale climbing 2-3 percent.
Automakers and travel-related stocks were also moving higher, with Renault up 3.5 percent and Air France KLM adding 1 percent.
Healthcare group Sanofi declined 1 percent despite raising its peak sales target for eczema-treatment product Dupixent to more than 13 billion euros ($14.3 billion).
Market Analysis
CAC 40 Climbs Led By Banks
2022-03-29 09:26:58
