(RTTNews) - French stocks are moving in a tight band in positive territory Thursday morning with investors reacting to recent earnings updates and keenly focusing on the U.S.-China summit in Beijing, where the Presidents of the two nations will be discussing a slew of crucial issues, aiming to strengthen economic cooperation.
Optimism about AI following Cisco Systems reporting record fiscal Q3 2026 results and issuing a better-than-expected sales outlook contribute to the positive mood in the market.
France's benchmark index CAC 40 is up 44.71 points or 0.56% at 8,052.68 a little over half an hour before noon.
Stellantis, up 3.3%, is the top gainer in the index. Societe Generale is gaining 2.3%, while STMicroelectronics and Renault are up 2.2% and 2.1%, respectively.
Orange, Credit Agricole, Veolia Environment, Bouygues, LVMH, BNP Paribas and Pernod Ricard are gaining 1%-1.3%.
Carrefour and Airbus are down 0.9% and 0.6%, respectively. Kering, Eurofins Scientific, Thales and Safran are down marginally.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
