{"id":13475,"date":"2021-09-01T09:20:36","date_gmt":"2021-09-01T09:20:36","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/09\/01\/cac-40-rallies-on-stimulus-hopes\/"},"modified":"2021-09-01T09:20:36","modified_gmt":"2021-09-01T09:20:36","slug":"cac-40-rallies-on-stimulus-hopes","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/09\/01\/cac-40-rallies-on-stimulus-hopes\/","title":{"rendered":"CAC 40 Rallies On Stimulus Hopes"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> French stocks rallied on Wednesday after data showed factory activity across the region lost momentum in August, spurring hopes of more stimulus from central banks. <\/p>\n<p>Closer home, French manufacturing activity grew at its slowest pace in six months in August as shortages of materials and transportation delays due to the pandemic continued to weigh, a monthly <span class=\"landLinks\">business<\/span> survey showed.<\/p>\n<p>Data compiler IHS Markit&#8217;s final manufacturing Purchasing Managers&#8217; Index (PMI) fell to 57.5 points from 58.0 in July but came in slightly above a preliminary reading for August of 57.3 points.<\/p>\n<p>The benchmark CAC 40 jumped 92 points, or 1.4 percent, to 6,771 after declining 0.1 percent the previous day. <\/p>\n<p>Travel &amp; leisure stocks were moving up, with Franco-Dutch airline holding company Air France KLM climbing 2.3 percent.<\/p>\n<p>Retailer Casino Guichard gained 0.9 percent after it announced a partnership with Intermarch\u00e9, covering joint product purchasing mainly in France.<\/p>\n<p>Spirits maker Pernod Ricard jumped 3.6 percent after is FY 2021 results reflected a strong recovery. <\/p>\n<p>Diagnostics specialist BioMerieux climbed 3.4 percent after confirming its full-year earnings target. <\/p>\n<p>Carrefour lost over 4 percent as luxury goods billionaire Bernard Arnault sold the 5.7 percent stake he owned in the supermarket group. <\/p>\n<\/p>\n<\/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 On Stimulus Hopes<\/a><br \/>\n<br \/>2021-09-01 09:20:36<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>French stocks rallied on Wednesday after data showed factory activity across the region lost momentum in August, spurring hopes of more stimulus from central banks. Closer home, French manufacturing activity&#8230;<\/p>\n","protected":false},"author":2,"featured_media":13476,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1531412501799-1b4c354ca957?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=2734&q=80","fifu_image_alt":"","footnotes":""},"categories":[29],"tags":[],"class_list":["post-13475","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/13475","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=13475"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/13475\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/13476"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=13475"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=13475"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=13475"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}