{"id":12363,"date":"2021-07-29T09:17:27","date_gmt":"2021-07-29T09:17:27","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/07\/29\/cac-40-rises-on-dovish-fed\/"},"modified":"2021-07-29T09:17:27","modified_gmt":"2021-07-29T09:17:27","slug":"cac-40-rises-on-dovish-fed","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/07\/29\/cac-40-rises-on-dovish-fed\/","title":{"rendered":"CAC 40 Rises On Dovish Fed"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> French stocks were moving higher on Thursday after U.S. Federal Reserve Chairman Jerome Powell struck a dovish tone in a news conference following the release of a new policy statement from the Federal Reserve. <\/p>\n<p>Following the Fed&#8217;s slightly hawkish monetary policy announcement, Powell noted that the U.S. is not at a point where the Fed could start to taper.<\/p>\n<p>The benchmark CAC 40 index climbed 52 points, or 0.8 percent, to 6,661 after rallying 1.2 percent the previous day. <\/p>\n<p>Electric utility EDF fell nearly 3 percent after the government suspended an ambitious overhaul plan for the company due to disagreement with the European Commission. <\/p>\n<p>Plane maker Airbus jumped 4 percent after raising its guidance for profit and aircraft deliveries.<\/p>\n<p>Hotel group Accor lost 2 percent after reporting an operating loss for the first half of the year.<\/p>\n<p>Telecom company Orange tumbled 3.1 percent as it announced a 3.7 billion-euro ($4.4 billion) impairment on the value of its Spanish activities. <\/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 Rises On Dovish Fed<\/a><br \/>\n<br \/>2021-07-29 09:17:27<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>French stocks were moving higher on Thursday after U.S. Federal Reserve Chairman Jerome Powell struck a dovish tone in a news conference following the release of a new policy statement&#8230;<\/p>\n","protected":false},"author":2,"featured_media":12364,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":["post-12363","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/12363","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=12363"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/12363\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/12364"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=12363"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=12363"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=12363"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}