India, July 3 -- France's benchmark index CAC 40 rose to a five-month high on Friday morning as stocks extended gains from the previous session amid easing concerns about inflation and fading worries about interest rate hikes. However, due to a lack of support at higher levels, the market pared most of its early gains and was roughly flat a little while ago.
On Wednesday, data from the U.S. Labor Department showing a smaller than expected growth in non-farm payroll employment in the month of June helped ease concerns about any immediate interest rate hike by the Federal Reserve.
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