01.07.2024 11:15:41 - dpa-AFX: CAC 40 Rallies As Bond Yields Drop On Relief At Election Results

BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - 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.



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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
CAC 40 969400 Paris 7.645,12 03.07.24 15:40:30 +106,83 +1,42% - - 7.579,64 7.538,29
FTSE 100 969378 Financial Times SE 8.175,10 03.07.24 15:40:47 +53,90 +0,66% - - 8.121,20 -
DAX ® 846900 Xetra 18.344,98 03.07.24 15:40:49 +180,92 +1,00% - - 18.181,71 18.164,06
E-STOXX 50 ® 965814 STOXX Ltd. 4.965,55 03.07.24 15:40:45 +59,22 +1,21% 0,000 - 4.922,03 4.906,33

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