{"id":15560,"date":"2021-10-29T09:22:28","date_gmt":"2021-10-29T09:22:28","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/10\/29\/cac-40-slides-on-inflation-worries-2\/"},"modified":"2021-10-29T09:22:28","modified_gmt":"2021-10-29T09:22:28","slug":"cac-40-slides-on-inflation-worries-2","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/10\/29\/cac-40-slides-on-inflation-worries-2\/","title":{"rendered":"CAC 40 Slides On Inflation Worries"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> French stocks were moving lower on Friday as persistent worries about inflation offset encouraging GDP data for the third quarter. <\/p>\n<p>French gross domestic product grew 3 percent sequentially in the third quarter on robust household spending and exports, the first estimate from the statistical office Insee showed. <\/p>\n<p>That was much faster than the 1.3 percent expansion logged in the second quarter and the economists&#8217; forecast of +2.1 percent.<\/p>\n<p>GDP almost returned to its pre-crisis level and was just 0.1 percent below its fourth quarter 2019 level.<\/p>\n<p>At the same time, another report revealed that the country&#8217;s consumer price inflation accelerated more than expected in October due to higher service and energy prices. <\/p>\n<p>The consumer price index rose 2.6 percent year-on-year following a 2.2 percent increase in September. Economists had forecast inflation of 2.5 percent.<\/p>\n<p>The benchmark CAC 40 was down 26 points, or 0.4 percent, at 6,778 after climbing 0.8 percent in the previous session. <\/p>\n<p>Building materials firm Saint-Gobain lost 3.7 percent despite reporting a rise in nine-month sales.<\/p>\n<p>Air France-KLM shares jumped 5 percent after the airline group significantly reduced its net loss in the third quarter. <\/p>\n<p>Luxury eyewear group EssilorLuxottica advanced 1.6 percent after raising its full-year guidance. <\/p>\n<p>BNP Paribas added 1.7 percent. The lender launched a share buyback program for a maximum total of 900 million euros ($1 billion) after posting a strong rise in third-quarter profit. <\/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 Slides On Inflation Worries<\/a><br \/>\n<br \/>2021-10-29 09:22:28<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>French stocks were moving lower on Friday as persistent worries about inflation offset encouraging GDP data for the third quarter. French gross domestic product grew 3 percent sequentially in the&#8230;<\/p>\n","protected":false},"author":2,"featured_media":15561,"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-15560","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/15560","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=15560"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/15560\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/15561"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=15560"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=15560"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=15560"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}