French stocks traded higher on Tuesday after a private survey showed China’s factory activity expanded at a quicker pace in December due to stronger gains in output and new orders.
The benchmark CAC 40 was up 52 points, or 0.7 percent, at 7,595 ahead of Eurozone PMI data due later in the session.
TotalEnergies rose over 2 percent. The company announced the start of crude oil production from the second development phase of the Mero field on the Libra block located over 180 kilometers off the coast of Rio de Janeiro, Brazil, in the pre-salt area of the Santos Basin.
Danone gained about 1 percent. The food giant announced that it has signed an agreement to sell its premium organic dairy activity in the U.S. to Platinum Equity, a U.S.-based investment firm.
Market Analysis
CAC 40 Gains On China Data
2024-01-02 09:09:12
