India, June 12 -- The French stock market's benchmark index CAC 40 jumped more than 2.3% Friday morning with investors going on a buying spree amid rising hopes of a U.S.-Iran peace deal following U.S. President Donald Trump calling off previously planned attacks on Iran. Oil's sharp drop contributed as well to the upbeat mood in the market.
Brent crude futures dropped to $85.80 a barrel before edging up to $86.51, still trailing previous close by about 4.3%.
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