French auto parts suppliers gain on supportive EU policy hopes
BUZZ-French auto parts suppliers gain on supportive EU policy hopes ** Shares in French auto parts suppliers Forvia FRVIA.PA, Valeo VLOF.PA and OPmobility OPM.PA rise between 5.1% and 6.1%
** Gains are part of a broader sector move, with Germany's Schaeffler up 4.3%, Italy's Brembo up 2.8% and European automakers advancing 2% to 3%
** Evercore ISI analyst Chris McNally says clarity on the EU's 2035 framework is a positive, but sees a more supportive EU policy backdrop as the bigger driver, citing lower Chinese import pressure and more flexible EV compliance requirements
** TP ICAP analyst Julien Thomas says proposals including stricter local-content requirements for EV subsidies are "broadly positive", improving visibility for the sector and aligning with suppliers' demands
** Forvia, Valeo and OPmobility outperform the STOXX Europe 600 Automobiles & Parts index .SXAP, up 1.9%
(Reporting by Jerome Terroy)
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