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French stocks were moving higher on Thursday as U.S. President Joe Biden’s $2.3 trillion infrastructure plan boosted the prospects of a faster recovery in the world’s largest economy<\/span>.<\/p>\n Biden’s multitrillion-dollar proposal includes funding for bridges, roads and water projects and expansion of broadband access and domestic chip production.<\/p>\n The plan would increase the corporate tax rate to 28 percent from 21 percent to pay for the package.<\/p>\n Finalized manufacturing PMI figures were in focus as President Emmanuel Macron ordered France into its third national lockdown.<\/p>\n IHS Markit said its final purchasing managers’ index for manufacturers rose to 59.3 in March from 56.1 in February to hit the highest point since September 2000.<\/p>\n The benchmark CAC 40 index rose 27 points, or 0.4 percent, to 6,094 after losing 0.3 percent in the previous session. <\/p>\n Sodexo shares were down half a percent despite the catering company reporting a large beat on its first-half profit margin.<\/p>\n Vinci surged nearly 3 percent. The construction company has signed an agreement to acquire ACS’s energy business<\/span>, as part of its strategic move to create a global player in energy contracting and to develop renewables projects. <\/p>\n<\/p>\n<\/div><\/div>\n