{"id":11031,"date":"2021-06-21T09:13:57","date_gmt":"2021-06-21T09:13:57","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/06\/21\/cac-40-little-changed-as-investors-unwind-reflation-trades\/"},"modified":"2021-06-21T09:13:57","modified_gmt":"2021-06-21T09:13:57","slug":"cac-40-little-changed-as-investors-unwind-reflation-trades","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/06\/21\/cac-40-little-changed-as-investors-unwind-reflation-trades\/","title":{"rendered":"CAC 40 Little Changed As Investors Unwind Reflation Trades"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> French stocks were little changed in cautious trade on Monday as <span class=\"landLinks\">markets<\/span> continued to see the reflation trades unwound. <\/p>\n<p>Tapering fears dented sentiment after a Fed official said inflation risks may warrant higher interest rates by 2022, a year sooner than his colleagues&#8217; projections.<\/p>\n<p>The benchmark CAC 40 was little changed at 6,563 after ending 1.5 percent lower on Friday. <\/p>\n<p>Banks led losses, with Societe Generale losing 1.3 percent on concerns that they could face challenges in their bond portfolios in a rising interest rate regime.<\/p>\n<p>Vivendi shares rose half a percent. Hedge-fund billionaire William Ackman&#8217;s Pershing Square Tontine Holdings Ltd. has agreed to acquire 10 percent of Universal Music Group from the French media conglomerate for about $4 billion, the companies said in a statement on Sunday.<\/p>\n<p>EssilorLuxottica SA shares were slightly lower. The ophthalmic company announced the renewal of its exclusive license agreement with American luxury lifestyle brand Tory Burch. <\/p>\n<p>The agreement is for the development, production and worldwide distribution of sunglasses and prescription frames under the Tory Burch brand. <\/p>\n<\/p>\n<p>Market Analysis<\/p>\n<\/div><\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>CAC 40 Little Changed As Investors Unwind Reflation Trades<\/a><br \/>\n<br \/>2021-06-21 09:13:57<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>French stocks were little changed in cautious trade on Monday as markets continued to see the reflation trades unwound. Tapering fears dented sentiment after a Fed official said inflation risks&#8230;<\/p>\n","protected":false},"author":2,"featured_media":11032,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1531412501799-1b4c354ca957?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=2734&q=80","fifu_image_alt":"","footnotes":""},"categories":[29],"tags":[],"class_list":["post-11031","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/11031","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=11031"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/11031\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/11032"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=11031"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=11031"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=11031"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}