Construction stocks and banks are pushing the market higher in France in Tuesday's afternoon trading, ignoring mixed cues from Asia.
Crude for September delivery is trading higher by $0.65 at $75.89 per barrel and gold is adding $1.4 at $1227.6 an ounce.
On the economic front, the Centre for European Economic Research said the economic sentiment indicator in Germany fell to 14 in August from 21.2 points recorded in July. The expected fall was to 20 points.
U.K. annual inflation slowed to 3.1% in July, data from the Office for National Statistics showed. Annual inflation eased from 3.2% in June and matched economists' expectations. The annual rate continues to stay above the central bank's 2% target.
The CAC 40 opened above the flat line at 3,615. Despite some sideways movements in the early session, the index is seeking new highs and is presently higher by 0.80%.
Building materials maker Saint-Gobainis rising 2.8% on the index, and steel giant ArcelorMittal is adding 2.41%. Cement giant Lafarge and heavy construction form Bouygues are rising 2.4% and 1.8%, respectively. Vinci, another heavy construction company, is climbing 1.6%.
Air France-KLM is climbing 2.42% and insurer Axa is gaining 2.4%. Car manufacturer Peugeot is adding 2.2% and peer Renault is rising 1.8%.
Banks Societe Generale, Dexia, Credit Agricole and BNP Paribas are adding between 1.6% and 0.8%.
EADS, the maker of Airbus, is losing 0.13%.
Across Asia/Pacific, markets had a mixed outing. Australia's All-Ordinaries gained 0.85% and China's Shanghai Composite Index added 0.38%. However, Japan's Nikkei 225 lost 0.38% and India's BSE Sensex dipped 0.01%.
In the U.S., futures indicate a slightly higher open on Wall Street. In the previous session, the Nasdaq posted a moderate gain of 0.4%, while the Dow and the S&P 500 closed nearly flat.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.