India, Aug. 6 -- French stocks moved higher on Thursday amid easing concerns about geopolitical tensions and continued optimism about corporate earnings.
The positive progress in U.S.-Iran diplomatic efforts helped lift sentiment. Iran said it had reached an agreement with Oman on a proposed shipping route through the Strait of Hormuz, fueling hopes that the waterway could reopen soon.
The benchmark CAC 40, which advanced to a new record high of 8,742.21, was up 55.60 points or about 0.65% at 8,724.90 about a quarter past noon.
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