BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - French stocks were slightly higher on
Monday as optimism over interest rate cuts returned to the fore, following
weaker-than-expected U.S. jobs data released on Friday.

Also helping underpin sentiment, the latest HCOB PMI data produced by S&P Global
showed that the French services economy began the second quarter of 2023 in
expansion territory.

The benchmark CAC 40 was up 21 points, or 0.3 percent, at 7,978 after rising
half a percent on Friday.

In corporate news, Atos slumped 5.4 percent after announcing that it has
received four distinct offers to help bail out the debt-laden IT company.

TotalEnergies rose about 1 percent as oil prices climbed amid rising tensions in
Gaza and after Saudi Arabia hiked June crude prices for most regions.

Eutelsat dropped 1.4 percent. The satellite operator confirmed that it is
analyzing options for its ground station network.



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