{"id":13066,"date":"2021-08-19T09:08:47","date_gmt":"2021-08-19T09:08:47","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/08\/19\/cac-40-slumps-on-fed-taper-worries\/"},"modified":"2021-08-19T09:08:47","modified_gmt":"2021-08-19T09:08:47","slug":"cac-40-slumps-on-fed-taper-worries","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/08\/19\/cac-40-slumps-on-fed-taper-worries\/","title":{"rendered":"CAC 40 Slumps On Fed Taper Worries"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> French stocks tumbled on Thursday after minutes of the Fed&#8217;s July meeting showed there was broad consensus among policymakers to reduce their monthly bond buying later this year. <\/p>\n<p>Worries about slowing global growth amid the pandemic and concerns about China&#8217;s ongoing crackdown on tech companies also dented investor sentiment. <\/p>\n<p>The benchmark CAC 40 index plunged 191 points, or 2.8 percent, to 6,578 after losing 0.7 percent on Wednesday.<\/p>\n<p>Travel-related stocks fell, with airline Air France KLM declining 1.1 percent. <\/p>\n<p>Petroleum refining company TotalEnergies plummeted 3.7 percent as oil dropped towards $66 a barrel to its lowest since May on concerns about weaker demand. <\/p>\n<p>Automaker Renault lost 2.5 percent while banks BNP Paribas, Credit Agricole and Societe Generale 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 Slumps On Fed Taper Worries<\/a><br \/>\n<br \/>2021-08-19 09:08:47<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>French stocks tumbled on Thursday after minutes of the Fed&#8217;s July meeting showed there was broad consensus among policymakers to reduce their monthly bond buying later this year. Worries about&#8230;<\/p>\n","protected":false},"author":2,"featured_media":13067,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":["post-13066","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/13066","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=13066"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/13066\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/13067"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=13066"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=13066"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=13066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}