The French market is rising moderately in afternoon trading Tuesday. Sentiment was influenced by strong cues from Asia as Korean concerns eased and investors shrugged off a warning on Portugal's credit rating. Construction stocks witnessed upside and banks were mostly higher.
In economic news, data from market research group GfK showed that confidence among German households is set to fall in January. The forward-looking consumer sentiment indicator, based on a survey of about 2,000 Germans, dropped to 5.4 from 5.5 in December. Economists had forecast the indicator to rise to 5.7.
Meanwhile, the Conference Board leading index climbed 0.8% from September, adding to the 0.7% gain in the previous month, pointing to continued robust growth in the coming months.
The Office for National Statistics said UK Public sector net borrowing excluding the temporary effects of financial interventions grew GBP 5.9 billion year-on-year to GBP 23.3 billion in November. Economists had expected an increase to GBP 17 billion from GBP 10.3 billion recorded in October.
Ratings agency Moody's has warned Portugal of a possible downgrade to its A1 credit rating, citing rising fiscal uncertainties. The agency said Portugal's ratings could be lowered by a "notch or two" if the country's debt affordability deteriorates or the economic outlook worsens due to austerity measures.
The CAC 40 index opened higher at 3,903 and moved in a range of 3,869-3,912. The index is currently advancing 0.76%.
Building materials company Saint-Gobain is advancing 2.54%. Builders Bouygues and Vinci are notably higher. Cement giant Lafarge is rising 0.9%.
Carmakers Peugeot and Renault are advancing 1.6% and 1.3%, respectively.
Those making notable gains include retailer Carrefour, Airbus maker EADS and commodity chemicals firm Air Liquide.
Banks Societe Generale is up 1.6% and Natixis is rising 0.9%. Credit Agricole and BNP Paribas are nearly flat.
Personal care products maker Loreal and beverages firm Pernod-Ricard are moderately lower.
Elsewhere in Europe, the UK's FTSE 100 is gaining 0.78% and the German DAX is rising 0.63%.
Across Asia/Pacific, major markets ended higher. Australia's All Ordinaries added 0.69%, China's Shanghai Composite Index gained 1.8%, and Hong Kong's Hang Seng rose 1.6%. India's BSE Sensex and Japan's Nikkei 225 climbed 0.86% and 1.51%, respectively.
In the U.S., futures point to a slightly higher open on Wall Street. In the previous session, the Dow slid 0.1%, while the Nasdaq climbed 0.2% and the S&P 500 rose 0.3%.
In commodities, crude for February delivery is advancing $0.07 to $89.44 per barrel and gold is rising $0.8 to $1386.9 a troy ounce.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.