{"id":11313,"date":"2021-06-29T09:02:59","date_gmt":"2021-06-29T09:02:59","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/06\/29\/cac-40-edges-higher-on-economic-optimism\/"},"modified":"2021-06-29T09:02:59","modified_gmt":"2021-06-29T09:02:59","slug":"cac-40-edges-higher-on-economic-optimism","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/06\/29\/cac-40-edges-higher-on-economic-optimism\/","title":{"rendered":"CAC 40 Edges Higher On Economic Optimism"},"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 moving higher on Tuesday as investors bought into sectors that are expected to benefit from a steady economic recovery. <\/p>\n<p>Underlying sentiment was also underpinned after a survey showed French consumer sentiment strengthened to a 15-month high in June.<\/p>\n<p>The consumer confidence index rose to 102 in June from 98 in May. This was the highest level since March 2020 and was also above economists&#8217; forecast of 100.<\/p>\n<p>The survey showed that the share of households considering it is a suitable time to make major purchases rose sharply by ten points to -2, the highest since February 2018.<\/p>\n<p>The benchmark CAC 40 edged up 16 points, or 0.2 percent, to 6,574 after losing 1 percent the previous day. <\/p>\n<p>Economically- sensitive stocks were gaining ground with banks BNP Paribas, Credit Agricole and Societe Generale rising between 1 percent and 1.5 percent. <\/p>\n<p>Rexel SA, a distributor of electrical supplies, surged 4.2 percent after raising its sales outlook for full-year 2021. <\/p>\n<\/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 Edges Higher On Economic Optimism<\/a><br \/>\n<br \/>2021-06-29 09:02:59<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>French stocks were moving higher on Tuesday as investors bought into sectors that are expected to benefit from a steady economic recovery. Underlying sentiment was also underpinned after a survey&#8230;<\/p>\n","protected":false},"author":2,"featured_media":11314,"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-11313","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/11313","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=11313"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/11313\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/11314"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=11313"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=11313"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=11313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}