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20.07.2016 11:48:59

CAC 40 Up 59 Points On Earnings

(RTTNews) - French shares rallied on Wednesday as positive earnings from the likes of Microsoft, SAP, Lonza and ASML Holding helped investors shrug off global growth worries.

Also, the European Central Bank meets on Thursday and many economists expect the tone to be dovish in light of the Brexit outcome.

The benchmark CAC 40 was up 59 points or 1.36 percent at 4,389 in late opening deals after losing 0.6 percent the previous day.

Among top gainers, Airbus Group, BNP Paribas, Cap Gemini, Valeo, Publicis Groupe, Renault, Schneider Electric and Peugeot climbed 2-4 percent.

Spirits group Remy Cointreau eased half a percent on reporting a 2.1 percent decline in first-quarter sales, reflecting weaker cognac revenue in Asia

On a relatively light day on the economic front, a report from the European Central Bank revealed that the euro area current account surplus declined to a 3-month low of 30.8 billion euros in May from 36.4 billion euros in April.

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Auf und Ab nach Brexit-Deal und Quartalszahlen | BX Swiss TV

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