{"id":14557,"date":"2021-10-01T09:16:20","date_gmt":"2021-10-01T09:16:20","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/10\/01\/cac-40-slides-on-inflation-worries\/"},"modified":"2021-10-01T09:16:20","modified_gmt":"2021-10-01T09:16:20","slug":"cac-40-slides-on-inflation-worries","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/10\/01\/cac-40-slides-on-inflation-worries\/","title":{"rendered":"CAC 40 Slides On Inflation Worries"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> French stocks were moving lower on Friday amid concerns of slowing economic growth and rising inflation. <\/p>\n<p>Growth in French manufacturing activity weakened a tad more than initially forecast in September, a survey showed earlier today. <\/p>\n<p>IHS Markit&#8217;s final purchasing managers&#8217; index (PMI) for September fell to 55.0 points from 57.5 in August as problems over supplies of goods weighed on the sector.<\/p>\n<p>French inflation hit a near 10-year high of 2.7 percent in September, official data showed yesterday.<\/p>\n<p>The benchmark CAC 40 dropped 50 points, or 0.8 percent, to 6,469 after losing 0.6 percent on Thursday. <\/p>\n<p>Cr\u00e9dit Agricole S.A. fell over 1 percent. The lender confirmed that it is in talks with Holmarcom regarding a possible sale of its stake in Moroccan subsidiary, Cr\u00e9dit du Maroc. <\/p>\n<p>Telecom major Orange SA was down 0.8 percent. The company announced an investment of 230 million euros to strengthen the development of Orange Bank. <\/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 Slides On Inflation Worries<\/a><br \/>\n<br \/>2021-10-01 09:16:20<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>French stocks were moving lower on Friday amid concerns of slowing economic growth and rising inflation. Growth in French manufacturing activity weakened a tad more than initially forecast in September,&#8230;<\/p>\n","protected":false},"author":2,"featured_media":14558,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":{"0":"post-14557","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-euro-markets"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/14557","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=14557"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/14557\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/14558"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=14557"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=14557"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=14557"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}