Cautious Investors Keep CAC 40 In Tight Range

India, Aug. 5 -- France's CAC 40 moved in a tight range Wednesday morning as investors largely stayed cautious amid a lack of significant triggers. Optimism about U.S.-Iran peace talks, and easing concerns about AI infrastructure spending supported the market.

The CAC 40, moving between 8,661.06 and 8,693.89, was down 4.91 points or 0.06% at 8,661.70 at noon.

Data from S&P Global showed the S&P Global France Manufacturing PMI rose to 49.4 in July from 47.2 in the previous month, and slightly below market expectations of 49.6, signaling the softest contraction in private sector activity in three months. The Services PMI rose to 49.6 in July, up from June's 46.8%.

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