FX.co ★ CAC 40 Gains With Focus On Upcoming ECB Meeting

French stocks experienced an uptick on Monday, driven by a favorable survey indicating an increase in France’s manufacturing PMI, which improved to 46.40 in May from 45.30 in April.

Investors are also preparing for a significant interest rate decision from the European Central Bank later this week.

The benchmark CAC 40 index increased by 38 points, or 0.5%, reaching 8,030 following a 0.2% rise in the previous session.

Shares of biopharmaceutical company Ipsen saw a slight increase after the company announced the initiation of a share buy-back program aimed at supporting its free employee share allocation and employee share plans.

Luxury goods companies closely tied to China showed mixed performances: LVMH rose by 0.5%, Hermes made slight gains, and Kering surged by 2.6%. These movements came in response to a private survey revealing that China's factory activity experienced its fastest growth in around two years in May, driven by increases in production and new orders.