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France's stock market index touches record high

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The Paris CAC-40 stock market index touched a record intraday high today, buoyed by solid results at some of the country's biggest companies.

The CAC-40 at one point rose by 1.2% to 7,387.29 points, beating a lifetime high of 7,384.86 points reached on January 5, 2022.

The index then pared some of those gains to stand 1.1% higher at 7,379 points in later morning trade. Earlier this week, London's FTSE 100 had briefly cleared 8,000 points to hit a new record high, helped by a drop in the British pound after data showed domestic inflation eased more than expected.

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