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CAC 40 Rises As Catalonia Worries Ease

French shares eked out modest gains on Tuesday as a sell-off in Spanish markets eased and upbeat U.S. economic data bolstered investor optimism about global economic growth.

Spanish Prime Minister Mariano Rajoy on Monday said the government will seek a joint response with other political parties to the "pro-independence challenge" in Catalonia.

The benchmark CAC 40 was up 10 points or 0.18 percent at 5,360 in late opening deals after gaining 0.4 percent the previous day.

Banks were broadly higher, with BNP Paribas and Credit Agricole rising about half a percent each. Industrial gas maker Air Liquide gained over 1 percent and fashion conglomerate Kering advanced 2 percent.

by RTTNews Staff Writer

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