CAC 40 Rallies As Bond Yields Drop On Relief At Election Results
(RTTNews) - French stocks rose sharply on Monday while bonds gained in a relief rally as the first round of voting left Le Pen's National Rally looking short of securing a majority in parliament.
The benchmark CAC 40 was up 110 points, or 1.5 percent, at 7,589 after falling 0.7 percent on Friday.
Banks rallied, with BNP Paribas, Credit Agricole and Societe Generale climbing 3-5 percent.
Valneva jumped 5 percent. The European Commission (EC) has granted marketing authorization for the company's chikungunya vaccine IXCHIQ for individuals 18 years of age and older.
Airbus climbed 2.4 percent after it entered into a binding term sheet agreement with Spirit AeroSystems in relation to a potential acquisition of major activities related to Airbus.
Technology firm Atos was marginally lower after reaching a deal with creditors on debt restructure terms.
Swiss Market Ends On Firm Note On Strong Economic Data
European Stocks Close Higher As Investors React Positively To Earnings Announcements
Brazilian Real Weakens To Near 3-month Low Against U.S. Dollar
Pound Firms Against Majors
U.S. Construction Spending Inches Slightly Higher In September
U.S. Manufacturing Index Unexpectedly Dips To Lowest Level In Over A Year
CPSC Recalls: Polaris ROVs, Floating Wall Theaters, Charge Case Accessory, Backpack Sprayers
