French stocks rose on Tuesday after comments from a trio of Fed officials suggested the U.S. central bank is nearing the end of its rate-hiking cycle.
Beijing signaled more stimulus to aid its property sector, further aiding sentiment.
The benchmark CAC 40 was up 0.4 percent at 7,175 after gaining half a percent on Monday.
Euro zone bonds held steady, and the euro hovered near a two-week high against a weak dollar ahead of key U.S. inflation data due on Wednesday.
Renault Group fell over 1 percent. The French car maker has signed a binding 50/50 joint venture agreement with China’s Geely Automobile Holdings to launch a new powertrain technology company.
The new company will include 17 engine plants and 5 R&D centers in 3 continents with 19,000 employees.
CAC 40 Edges Higher On Hopes Of End To Fed Rate Hikes
2023-07-11 09:08:02
