India, March 3 -- French stocks are up in positive territory Monday morning, led by gains in defense shares, amid prospects of increased defense spending following European leaders echoing recent views of the U.K. about increasing spending for the sector.
The benchmark CAC 40 was up 56.02 points or 0.69% at 8,167.65 a few minutes ago.
French multinational aerospace and defense company Thales shares are up more than 10%. Dassault Systemes is gaining 3.5% and Airbus Group is up nearly 4%.
ArcelorMittal and Safran are gaining 3.4% and 2.3%, respectively. Sanofi, Teleperformance, TotalEnergies and Renault are up 1.7 to 2%.
AXA, BNP Paribas, Legrand, Vivendi, Publicis Groupe and Societe Generale are moderately higher.
Carrefour, STMicroElec...