BRUSSELS (dpa-AFX) - French stocks are modestly higher on Tuesday amid slightly easing U.S.-China trade tensions, and expectations of a resolution to the government shutdown in the U.S. Investors are reacting to some corporate earnings updates.
The benchmark CAC 40 was up 27.34 points or 0.33% at 8,233.41 a few minutes ago.
Edenred is soaring 15.30%. The vouchers and benefit cards provider reported third-quarter revenue above expectations. Edenred's operating revenue increased 8% year over year on a like-for-like basis to €667 million, significantly exceeding expectations.
Edenred has also confirmed its full-year guidance.
Hermes International, Capgemini and STMicroElectronics are gaining 1.5 to 1.7%. Michelin, Societe Generale and Unibail Rodamco are up 1 to 1.1%.
Eurofins Scientific is down more than 7% after the company said that the revenue in its BioPhmara segment grew just 0.4% organically in the third quarter.
BNP Paribas is down 1.1%, extending previous session's decline. ArcelorMittal, Bouygues, Vinci and Saint Gobain are down 0.5 to 0.7%.
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