(RTTNews) – French stocks rose on Monday as a wonderful rate cut via China’s central bank led investors to expect an improvement in economic momentum in the near term.
Investors also watched the latest political developments in the United States after President Joe Biden said he would resign and not run in the election.
Biden presented his “full endorsement” to Vice President Kamala Harris as the Democratic Party’s presidential nominee.
Upcoming data on US GDP and inflation, as well as profits from corporations such as Alphabet and Tesla, also remain on investors’ radar.
On the corporate front, Airbus SE shares rose about 1 percent. Media reports suggest that the aerospace giant has indexed eight possible sites to install its final H125 helicopter assembly line in India.
Hermes International and LVMH, connected to China, rose between 1 and 2 percent.