India, June 30 -- French stocks gained some ground in positive territory on Tuesday, as investors continue to follow the latest developments with regard to US-Iran peace talks, and the European Central Bank's annual Sintra Forum.
Lower oil prices, data showing a slowdown in inflation, and hopes that the ECB will not hike interest rates in the foreseeable future contribute to the positive mood in the market.
ECB Chief Economist Philip Lane said in Sintra, Portugal, today that the second-round effect from higher energy prices is probably going to take some time to show up and that policymakers won't lock themselves into a path for interest rates in the meantime.
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