{"id":11557,"date":"2021-07-07T09:19:36","date_gmt":"2021-07-07T09:19:36","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/07\/07\/cac-40-edges-higher-before-fed-minutes\/"},"modified":"2021-07-07T09:19:36","modified_gmt":"2021-07-07T09:19:36","slug":"cac-40-edges-higher-before-fed-minutes","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/07\/07\/cac-40-edges-higher-before-fed-minutes\/","title":{"rendered":"CAC 40 Edges Higher Before Fed Minutes"},"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 modestly higher on Wednesday as oil prices stabilized and most euro area borrowing costs touched new multi-week lows ahead of the release of the minutes of the Federal Reserve meeting later today. The minutes, due at 2:00 PM ET, could reveal more hawkish ideas for interest rates.<\/p>\n<p>The benchmark CAC 40 edged up 19 points, or 0.3 percent, to 6,526 after losing 0.9 percent on Tuesday.<\/p>\n<p>The euro held near a three-month low against the dollar after Germany&#8217;s industrial production decreased unexpectedly in May, raising doubts about the strength of the economic recovery. <\/p>\n<p>State-controlled power group EDF climbed 1.1 percent after upgrading its EBITDA target for 2021.<\/p>\n<p>Banks were broadly lower, with BNP Paribas falling more than 1 percent. Automaker Renault fell 2.3 percent. <\/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 Edges Higher Before Fed Minutes<\/a><br \/>\n<br \/>2021-07-07 09:19:36<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>French stocks were modestly higher on Wednesday as oil prices stabilized and most euro area borrowing costs touched new multi-week lows ahead of the release of the minutes of the&#8230;<\/p>\n","protected":false},"author":2,"featured_media":11558,"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-11557","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/11557","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=11557"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/11557\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/11558"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=11557"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=11557"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=11557"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}