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French share prices firm after Sarkozy-Merkel meeting.

Share prices gained ground Monday on the Paris Stock

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

Monday.

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
Words:163
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