BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - French stocks eked out modest gains on
Thursday after the Swiss National Bank announced its second interest-rate cut
this year and reinforced its stance in the global policy easing cycle.

The benchmark CAC 40 was up 25 points, or 0.3 percent, at 7,595 after losing 0.8
percent the previous day.

Euro zone government bond yields rose as France prepares to sell bonds for the
first time since President Emmanuel Macron called for a snap election.

Automaker Renault dropped half a percent as industry data showed Europe's new
car registrations declined in May due to a notable contraction in the electric
car sales.
Overall car sales posted an annual decrease of 3.0 percent in May, reversing a
sharp 13.7 percent increase in April.

Vallourec, a maker of tubular solutions and pipelines for energy industries,
gained 1 percent after it has extended a 2019 contract originally worth around
$900 million with the National Oil Company of Abu Dhabi for two years.

Technip Energies rallied 2.5 percent. The technology company focused on energy
and chemical industries said that it has bagged a significant contract from
Indian Oil Corporation Limited.

Food group Danone slumped 4 percent after announcing it is targeting
like-for-like sales growth of 3-5 percent for the 2025 to 2028 period.



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