{"id":12224,"date":"2021-07-26T09:18:55","date_gmt":"2021-07-26T09:18:55","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/07\/26\/cac-40-edges-lower-on-china-concerns\/"},"modified":"2021-07-26T09:18:55","modified_gmt":"2021-07-26T09:18:55","slug":"cac-40-edges-lower-on-china-concerns","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/07\/26\/cac-40-edges-lower-on-china-concerns\/","title":{"rendered":"CAC 40 Edges Lower On China Concerns"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> French stocks fell notably on Monday after the tutoring and education tech sector became the latest target of China&#8217;s sweeping regulatory crackdown.<\/p>\n<p>Chinese authorities introduced a new set of sweeping regulations on private educators, which includes prohibiting tutoring for profit in core school subjects to reduce financial pressures on families.<\/p>\n<p>The policy change also restricts foreign investment in the sector through mergers and acquisitions, franchises, or variable interest entity (VIEs) arrangements.<\/p>\n<p>Separately, China&#8217;s antitrust regulator ordered Tencent to end its exclusive music licensing rights, a step aimed at tackling the company&#8217;s dominance of online music streaming in the country.<\/p>\n<p>U.S.-China tensions also weighed, with Chinese Vice Foreign Minister Xie Feng saying that the relationship between the world&#8217;s two largest economies &#8220;is now in a stalemate and faces serious difficulties.&#8221;<\/p>\n<p>The benchmark CAC 40 index dropped 39 points, or 0.6 percent, to 6,529 after rising 1.4 percent on Friday.<\/p>\n<p>Faurecia shares slumped 4.3 percent despite the car parts maker posting higher first-half sales and profit, and upgrading its 2021 cash flow target. <\/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 Lower On China Concerns<\/a><br \/>\n<br \/>2021-07-26 09:18:55<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>French stocks fell notably on Monday after the tutoring and education tech sector became the latest target of China&#8217;s sweeping regulatory crackdown. Chinese authorities introduced a new set of sweeping&#8230;<\/p>\n","protected":false},"author":2,"featured_media":12225,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":["post-12224","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/12224","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=12224"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/12224\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/12225"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=12224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=12224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=12224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}