French share prices firm after Sarkozy-Merkel meeting.
Exchange in the wake of a meeting between French and German leaders here and
announcements that European Union fiscal and debt policies would be tightened.
The CAC 40 Index of preference shares ended the session 1.15 percent higher
at 3,201.28 points, continuing an almost continuous streak of gains over the
past 10 days.
Trading was moderate, however, with only USD 3.5 billion changing hands
Operators said that the market regained some confidence from press
statements by President Nicolas Sarkozy and German Chancellor Angela Merkel
who both vowed to tackle the problem of deficit spending in the Eurozone and
to seek ways to better monitor national budgets and debt issues.
The embattled Euro gained ground also, rising 0.40 percent to USD 1.3448
but the Euro currency is still around 10 Eurocents off recent highs.
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|Publication:||Kuwait News Agency (KUNA)|
|Date:||Dec 5, 2011|
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