India, June 4 -- Despite lingering concerns about trade tensions, French stocks are gaining some ground in positive territory on Wednesday with investors expecting an interest rate cut from the European Central Bank on Thursday.
The benchmark CAC was up 38.35 points or 0.49% at 40 7,802.19 a few minutes ago.
STMicroElectronics is up with a strong gain of 7.3% after the company's chief executive Jean-Marc Chery said that the French-Italian chipmaker has seen signs of an upcycle that will boost its results in the coming quarters.
Speaking at an event hosted by BNP Paribas, the CEO said the company would deliver at least the mid-point of its second-quarter guidance. It had forecast revenue of $2.71 billion at mid-point for the quarter in it...