India, July 17 -- French stocks are gaining some ground in positive territory on Thursday, coming back fairly strongly after recent losses. Optimism over a potential EU - US trade deal, and some encouraging earnings news contribute to the firm undertone in the market.
The benchmark CAC 40 was up 69.95 points or 0.91% at 7,792.04 a few minutes ago.
Legrand is rising nearly 8.5% thanks to upbeat first-half results. The company has also raised its full-year sales growth forecast to 10-12%, from 6-10% guidance it had given earlier.
Schneider Electric is gaining 6% on reports that the company is in talks to acquire the remaining 35% stake in its Indian subsidiary.
STMicroElectronics is up 3.3% and Saint Gobain is gaining 2.5%. Stellantis and...