{"id":14673,"date":"2021-10-05T09:16:25","date_gmt":"2021-10-05T09:16:25","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/10\/05\/cac-40-edges-higher-as-industrial-output-growth-doubles\/"},"modified":"2021-10-05T09:16:25","modified_gmt":"2021-10-05T09:16:25","slug":"cac-40-edges-higher-as-industrial-output-growth-doubles","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/10\/05\/cac-40-edges-higher-as-industrial-output-growth-doubles\/","title":{"rendered":"CAC 40 Edges Higher As Industrial Output Growth Doubles"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> French stocks advanced on Tuesday as encouraging data helped ease investor concerns over slowing growth. <\/p>\n<p>The French Services PMI slipped from 56.3 to 56.2, but that was up from a preliminary reading of 56.0.<\/p>\n<p>Industrial production growth doubled in August largely driven by the rebound in the manufacture of machinery and equipment and mining, separate data showed. <\/p>\n<p>Industrial production grew 1 percent month-on-month, faster than the 0.5 percent increase in July. Economists had forecast the rate to slow to 0.3 percent.<\/p>\n<p>The benchmark CAC 40 edged up 32 points, or half a percent, to 6,509 after closing 0.6 percent lower the previous day. <\/p>\n<p>Banks BNP Paribas, Credit Agricole and Societe Generale jumped 2-3 percent as bond yields surged to 18-month high. <\/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 Higher As Industrial Output Growth Doubles<\/a><br \/>\n<br \/>2021-10-05 09:16:25<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>French stocks advanced on Tuesday as encouraging data helped ease investor concerns over slowing growth. The French Services PMI slipped from 56.3 to 56.2, but that was up from a&#8230;<\/p>\n","protected":false},"author":2,"featured_media":14674,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":["post-14673","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/14673","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=14673"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/14673\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/14674"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=14673"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=14673"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=14673"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}