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CAC gains 0.30%, Schneider Electric stock rises 3%

FXStreet (Mumbai) - The French equity markets are trading higher in line with its European peers. The equity markets across the globe are rising as the investors believe the Federal Reserve would maintain its dovish language regarding the interest rates later today.

The Cac is trading 0.34% higher at 4126.850 levels . The index breadth is positive with an advance decline ratio of 34:6. The biggest losing stock for the day is Sanofi, trading down by 3.58%, after the board ousted its CEO. Meanwhile, the Schneider Electric share price is up 3.11% after the company reported a 7% rise in the third-quarter sales. Overall the Pharmaceuticals, healthcare and technology have weakened by more than 2% each. Meanwhile, Oil and Gas producers and Electronic equipment stocks have gained 1.67% and 2.51% respectively.

Cac Technical levels

The index is trading just above the immediate support of 4125 (Oct. 10 high), under which the prices can fall to 4065 levels. Meanwhile, the prices can rise to 4167 levels if the day’s high of 4135 is taken out.

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