{"id":25381,"date":"2022-08-31T10:44:20","date_gmt":"2022-08-31T10:44:20","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2022\/08\/31\/cac-40-falls-as-inflation-fears-resume\/"},"modified":"2022-08-31T10:44:20","modified_gmt":"2022-08-31T10:44:20","slug":"cac-40-falls-as-inflation-fears-resume","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2022\/08\/31\/cac-40-falls-as-inflation-fears-resume\/","title":{"rendered":"CAC-40 Falls As Inflation Fears Resume"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> CAC-40 is trading close to a percent lower on Wednesday amidst the broader risk- aversion in the region as Europe grapples with record-high inflation.<\/p>\n<p>Annual inflation rate in the Euro Area increased to a new record high of 9.1 percent in August, versus 8.9 percent in July, and market expectations of 9 percent.  <\/p>\n<p>Data released earlier in the day showed annual inflation in France rising 5.8 percent in August versus 6.1 percent in July, which the <span class=\"landLinks\">markets<\/span> were expecting.<\/p>\n<p>Final readings of second quarter GDP showed that France&#8217;s <span class=\"landLinks\">economy<\/span> grew 0.5 percent versus a contraction of 0.2 percent in the previous quarter.<\/p>\n<p>The CAC-40 is currently trading at 6,160.68, down 0.80 percent from Tuesday&#8217;s close.  The day&#8217;s trading has been between 6,133.79 and 6,230.90.<\/p>\n<p>Auto Manufacturer Renault is the top gainer with a 1 percent uptick. <\/p>\n<p>Stmicroelectrconics follows closely with a gain of 0.85 percent.<\/p>\n<p>Total Energies has declined more than 3 percent. <\/p>\n<p>Alstom, Thales and Airbus have all declined more than 2 percent.<\/p>\n<p>The EUR\/USD pair is at 0.9982 shedding 0.30 percent overnight amidst the US Dollar Index strengthening 0.32 percent to 109.12. <\/p>\n<p>The ten-year bond yield has increased 2.54 percent to 2.18 percent versus 2.13 percent on Tuesday. <\/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 Falls As Inflation Fears Resume<\/a><br \/>\n<br \/>2022-08-31 10:44:20<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CAC-40 is trading close to a percent lower on Wednesday amidst the broader risk- aversion in the region as Europe grapples with record-high inflation. Annual inflation rate in the Euro&#8230;<\/p>\n","protected":false},"author":2,"featured_media":25382,"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-25381","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/25381","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=25381"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/25381\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/25382"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=25381"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=25381"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=25381"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}