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FX.co ★ CAC 40 Gains Ahead Of Key Regional Data

CAC 40 Gains Ahead Of Key Regional Data

France's stock market saw a modest increase on Monday as investors eagerly awaited the release of Germany's preliminary inflation data for April and the euro area's economic sentiment index due later in the day.

Earlier today, there were revelations from Spain's statistical office INE that consumer price inflation for April had risen less than expected to its highest level in three months. Inflation saw a minimal increase from 3.2 percent to 3.3 percent, though economists had predicted a rise to 3.4 percent.

After an increase of 0.9 percent on Friday, the French stock market index, the CAC 40, was up by 21 points or 0.3 percent, standing at 8,109 points.

Shares in mass media holding company Vivendi fell by half a percent. However, the company reported revenue growth for the first quarter thanks to the consolidation of Lagardere, along with growth in revenues at Canal+ Group and Havas.

Shares in tech giant Atos SE saw a significant increase of nearly 15 percent. French Finance Minister Bruno Le Maire confirmed on Sunday that he had set in motion a plan to acquire the company's "sovereign activities", effectively protecting them from foreign ownership, to manage the company's significant debt.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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