CAC 40 Little Changed After PMI Data

(RTTNews) - French stocks were steady on Tuesday after a business survey showed services sector activity improved more than expected in October.

The HCOB France flash purchasing managers index (PMI) for the services sector, compiled by S&P Global, rose to 46.1 from a final 44.4 in September.

Manufacturing remained in a downturn, with the corresponding flash October PMI slipping to 42.6 from 44.2, a 41-month low.

The benchmark CAC 40 was marginally higher at 6,852 after rising half a percent in the previous session.

In corporate news, Orange edged up half a percent after it reported third-quarter results fully in line with the confirmed 2023 financial targets.

Hermes added 1.6 percent after third-quarter sales beat expectations.