French Stocks Set For 12-Year High as LVMH Surges to New Record
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Stellar earnings put French stocks on track to close at the highest level since 2007, capping a decade of outperformance over the euro zone.
The CAC 40 index rose 0.9% as of 2 p.m. in Paris as a slew of French companies posted results that beat estimates. The gauge, like equities across the region, got an added boost as the European Central Bank signaled further monetary stimulus, with lenders jumping after the authority said it’s considering a tiering system for rates that could help the sector.