India, June 29 -- France's equity benchmark CAC 40 drifted lower on Monday as uncertainty over the fragile ceasefire between the U.S. and Iran, concerns about interest rates amid higher oil prices rendered the mood cautious. Investors are also focusing on the Sintra Forum, an annual ECB event that focuses on central banking.
After renewed hostilities, the United States and Iran have agreed to halt military strikes against each other and meet on Tuesday in Doha, Qatar, to resolve their disputes over shipping routes and transit fees.
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