The CAC 40 gains on China’s recovery optimism

(RTTNews) – French stocks rose on Tuesday as investors await minutes from the Fed’s July meeting scheduled for Wednesday for hints of further rate hikes.

Underlying sentiment remained buoyant as Chinese authorities expected policymakers to roll out more stimulus to boost sluggish economic growth.

China’s state planner, the National Development and Reform Commission, said it approved eight capital investment projects worth a total of 236.8 billion yuan in July.

The Commission is committed to deploying measures to support business creation and employment.

China will optimize its policies for sustained economic recovery and stimulate demand in a strong, reasonable and moderate way, he added.

The benchmark CAC 40 index climbed 33 points, or half a percent, to 6,603 after rising 0.3 percent in the previous session.

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