India, March 5 -- French stocks are moving up sharply Wednesday morning on hectic buying across the board amid rising optimism about increased spending on defense and infrastructure in European countries.
Investors are reacting positively to news about German leaders agreeing to create 500 billion euros infrastructure spending.
Comments from U.S. Commerce Secretary Howard Lutnick that President Donald Trump will "probably" announce a deal to reduce tariffs on Canada and Mexico also contribute to the positive sentiment in the market.
In addition to shares from defense and infrastructure sector, several stocks from banking, metal and jewellery sectors are also up with strong gains.
The benchmark CAC 40 was up 176.37 points or 2.19% at 8,2...