CAC 40 Up Marginally; Legrand Rises Over 7%

(RTTNews) - Despite higher oil prices and bond yields, France's equity benchmark CAC 40 edged marginally higher Tuesday morning thanks to strong buying at select counters, including Legrand and STMicroelectronics. Oil prices climbed higher due to the impasse in U.S.-Iran negotiations, with reports saying Iranian officials are not optimistic about the possibility of the two nations reaching an agreement before the US midterm elections in November. Brent crude front-month futures, which climbed to $107.87 a barrel earlier, dropped to $105.50, up just marginally from previous close. France's long-term Treasury yield remained elevated, after having climbed to its highest level since mid 2008. With U.S.