{"id":16563,"date":"2021-11-30T11:52:38","date_gmt":"2021-11-30T11:52:38","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/11\/30\/cac-40-plunges-as-vaccine-efficacy-economic-data-ruin-sentiment\/"},"modified":"2021-11-30T11:52:38","modified_gmt":"2021-11-30T11:52:38","slug":"cac-40-plunges-as-vaccine-efficacy-economic-data-ruin-sentiment","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/11\/30\/cac-40-plunges-as-vaccine-efficacy-economic-data-ruin-sentiment\/","title":{"rendered":"CAC-40 Plunges As Vaccine Efficacy, Economic Data Ruin Sentiment"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> The CAC-40 plunged into losses in Tuesday&#8217;s trade as world <span class=\"landLinks\">markets<\/span> responded to a vaccine maker&#8217;s concerns about vaccine efficacy against the Omicron variant. Moderna&#8217;s CEO expressed apprehensions about the effectiveness of vaccines against the newly identified variant. Accelerating inflation in the Euro Area and the unexpected decline in homeland&#8217;s domestic consumption exacerbated the negative sentiment leaving the CAC in a state of utter despair. <\/p>\n<p>The CAC-40 is currently trading at 6693.23, down 1.23 percent from Monday&#8217;s close.  The day&#8217;s trading has been between 6655.86 and 6715.87.<\/p>\n<p>Eurofins Scientific and Schneider Electric have gained more than 1 percent. <\/p>\n<p>Alstom has lost more than 3 percent. Safran, Danone, Unibail Rodamco Westfield, Stellantis, Renault, Essilor Luxottica and Carrefour have shed more than 2 percent. <\/p>\n<p>Luxury goods group LVMH is the most active scrip with a turnover of 144 million. The scrip has shed close to 1.7 percent.  <\/p>\n<p>Only 5 scrips viz Eurofins Scientific, Schneider Electric, Teleperformance, Legrand and Dassault Systemes are trading in positive territory.<\/p>\n<p>Preliminary data released during the day showed the Eurozone consumer price inflation accelerating to 4.9 percent year-on-year in November, from 4.1 percent in October. Markets had expected a 4.5 percent reading. <\/p>\n<p>Meanwhile, household consumption contracted by 0.4 percent in October versus a 0.2 percent expansion in September.<\/p>\n<p>The EURUSD pair hovered around 1.1351, 0.54 percent higher than the closing level at Monday as the dollar index plunged to 95.76 from 96.22 on Monday.  Safe-haven demand for the Yen pulled down the dollar index.<\/p>\n<p>France&#8217;s ten-year Bond yield has decreased by around 70 percent to 0.013 percent versus 0.041 percent on Monday, in a mood of risk aversion triggered by the Omicron virus scare. <\/p>\n<\/p>\n<p>Market Analysis<\/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 Plunges As Vaccine Efficacy, Economic Data Ruin Sentiment<\/a><br \/>\n<br \/>2021-11-30 11:52:38<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The CAC-40 plunged into losses in Tuesday&#8217;s trade as world markets responded to a vaccine maker&#8217;s concerns about vaccine efficacy against the Omicron variant. Moderna&#8217;s CEO expressed apprehensions about the&#8230;<\/p>\n","protected":false},"author":2,"featured_media":16564,"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-16563","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/16563","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=16563"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/16563\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/16564"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=16563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=16563"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=16563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}