The French market is moderately higher in afternoon trading Tuesday, on hopes of action from the European Central Bank.
The Euro Stoxx 50 index of eurozone bluechip stocks is climbing 0.76 percent, while the Stoxx Europe 50 index, which includes some major U.K. companies, is rising 0.07 percent.
The CAC 40 index is currently up 0.37 percent.
Steel giant ArcelorMittal is gaining 2.7 percent and builder Vinci is climbing 1.7 percent.
Axa is gaining 1.4 percent and Credit Agricole is advancing 1.1 percent. Societe Generale and BNP Paribas are declining notably.
Morgan Stanley cut its rating on Danone. The stock is down 0.7 percent.
Elsewhere in Europe, the German DAX is gaining 0.31 percent. The UK's FTSE 100 is falling 0.18 percent and Switzerland's SMI is dropping 0.39 percent.
In economic news, data released by the Federal Ministry of Economy and Technology showed that the country's factory orders fell more than forecast in June. Factory orders fell 1.7 percent month-on-month in June compared to expectations for a 0.8 percent drop.
U.K. industrial production decreased in June, but the rate of decline was weaker than forecast by economists, data from the Office for National Statistics showed.
Across Asia/Pacific, Australia's All Ordinaries and Hong Kong's Hang Seng gained around 0.4 percent each. China's Shanghai Composite Index rose 0.1 percent and Japan's Nikkei 225 climbed 0.9 percent.
In the U.S., futures point to a higher open. In the previous session, The Dow edged up 0.2 percent, the Nasdaq rose 0.7 percent and the S&P 500 crept up 0.2 percent.
In the commodity space, crude for September delivery is adding $0.25 to $92.45 per barrel and December gold is rising $2.5 to $1618.7 a troy ounce.
by RTT Staff Writer
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