French shares rise on Wall Street showing, capital injections
Buoyed by a strong Wall Street showing and the French government's announcment on a capital injection for its banks, shares in Paris were up sharply in early trading on Tuesday.
One hour after opening, the benchmark CAC 40 gained 2.56 per cent, to 3,536.76, with gainers outnumbering decliners by nearly 6 to 1.
Banking stocks led the surge after the French government announced late Monday that it would inject 10.5 billion euros (14 billion dollars) into the country's six-largest financial institutions by the end of the year.
Credit Agricole, which is to receive 3 billion euros, was up 10.86 per cent, to 11.58 euros, while Societe General (1.7 billion) had gained nearly 10 per cent, to 48.31 euros, and BNP Paribas (2.55 billion) rose 8.32 per cent, to 59.46 euros.
- Login or register to post comments
Print
Email to friend
More like this
- Weak Wall Street pulls down French shares
- French shares rebound due to central banks, Wall Street
- French shares fall again despite steady Wall Street
- French shares rebound strongly
- Wall Street again pulls down French shares
- French shares fall sharply in roller-coaster session
- Paris Bourse resisting Wall Street's downward pull
- French shares up amidst rumours of bank problems
- French shares limit damage after New York stock debacle
- French shares nosedive after Wall Street and Asia markets plunge
Featured Articles
-
Increasingly, knee replacements are becoming...
-
Two recent studies, not the first to link long...
-
In another setback to Swiss pharmaceutical...
-
Last year around this time, swine flu after...
-
There has been a spate of recent reports...
The inability of both the cable operator and TV network to reach agreement on a new contract means as of Sunday morning customers of Cablevision...
Saturday, just one day before the Oscars, Sandra Bullock, nominated for the Oscars and favoured to win, was crowned as the Worst Actress of 2009...
This week, three executives belonging to the Shanghai Panda Dairy Co. are to go on trial for selling melamine tainted dairy products. Melamine,...
President Barack Obama’s healthcare bill has rallied support from Support from the Catholic Health Association, a group representing Catholic...
The debate over prostate specific antigen (PSA), the most commonly used prostate cancer screening procedure continues to grow, ever since its...
The budget will affect the Bulgarians in a way that 2010 years will be worse than 2009.
This was announced by the former energy minister...
According to a Ford spokeswoman Saturday, holding a strike authorisation vote, the workers of Ford Motor Co. and United Auto have succeeded in...
