{"id":12058,"date":"2021-07-21T09:05:12","date_gmt":"2021-07-21T09:05:12","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/07\/21\/cac-40-rallies-led-by-banks\/"},"modified":"2021-07-21T09:05:12","modified_gmt":"2021-07-21T09:05:12","slug":"cac-40-rallies-led-by-banks","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/07\/21\/cac-40-rallies-led-by-banks\/","title":{"rendered":"CAC 40 Rallies Led By Banks"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> French stocks rallied on Wednesday as investors put COVID-19 worries on the backburner and looked ahead to the ECB policy meeting on Thursday for directional cues.<\/p>\n<p>The European Central Bank is expected to adjust its forward guidance, reflecting the new 2 percent inflation goal adopted by the central bank under the new strategy unveiled earlier this month.<\/p>\n<p>The new strategy allows the ECB to retain interest rates at record lows for longer periods, while tolerating higher inflation.<\/p>\n<p>ECB President Lagarde remarked last week that the PEPP program would continue until &#8220;at least&#8221; March 2022.<\/p>\n<p>The benchmark CAC 40 index climbed 92 points, or 1.5 percent, to 6,439 after rising 0.8 percent the previous day. <\/p>\n<p>Banks led the surge, with BNP Paribas, Credit Agricole and Societe Generale rising 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 Rallies Led By Banks<\/a><br \/>\n<br \/>2021-07-21 09:05:12<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>French stocks rallied on Wednesday as investors put COVID-19 worries on the backburner and looked ahead to the ECB policy meeting on Thursday for directional cues. The European Central Bank&#8230;<\/p>\n","protected":false},"author":2,"featured_media":12059,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":["post-12058","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/12058","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=12058"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/12058\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/12059"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=12058"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=12058"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=12058"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}