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CAC 40 Rallies As Investors Shrug Off Trade Worries

French stocks rose sharply on Wednesday as investors shrugged off trade worries and looked ahead to meetings from the European Central Bank and Bank of England on Thursday for directional cues.

Global financial system is now better prepared to face another crisis, if and when it occurs, Chair of the Supervisory Board of the European Central Bank Daniele Nouy told the French newspaper Les Echos during an interview, the text of which was published today on the ECB website.

The benchmark CAC 40 was up 48 points or 0.91 percent at 5,331 in opening deals after rising 0.3 percent on Tuesday.

Handbag maker Hermes International advanced 1.5 percent after posting record first-half earnings.

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