{"id":11900,"date":"2021-07-16T09:25:37","date_gmt":"2021-07-16T09:25:37","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/07\/16\/cac-40-holds-steady-ahead-of-us-data\/"},"modified":"2021-07-16T09:25:37","modified_gmt":"2021-07-16T09:25:37","slug":"cac-40-holds-steady-ahead-of-us-data","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/07\/16\/cac-40-holds-steady-ahead-of-us-data\/","title":{"rendered":"CAC 40 Holds Steady Ahead Of US Data"},"content":{"rendered":"
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French stocks held steady on Friday and U.S. Treasury yields hovered near multi-month lows as investors awaited the release of U.S. retail sales and consumer sentiment figures later in the day for more clues on the economic outlook.<\/p>\n

The benchmark CAC 40 index was marginally lower at 6,492 after closing 1 percent lower on Thursday.<\/p>\n

Travel and leisure stocks were moving higher, with airline Air France KLM rallying nearly 3 percent after U.S. President Joe Biden said the United States is reviewing when it can lift the COVID-related travel ban for European citizens.<\/p>\n

Automaker Renault rose over 1 percent after industry data showed Europe’s passenger car registrations increased at a moderate pace in June.<\/p>\n

Car registrations increased 10.4 percent year-on-year in June, but slower than the 53.4 percent growth posted in May, the European Automobile Manufacturers’ Association said. <\/p>\n

Among the major EU car markets<\/span>, Germany posted the biggest gain with a 24.5 percent increase. In France, by contrast, passenger car sales contracted 14.7 percent. <\/p>\n<\/p>\n

Market Analysis<\/p>\n<\/div><\/div>\n