{"id":25717,"date":"2022-09-09T09:15:32","date_gmt":"2022-09-09T09:15:32","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2022\/09\/09\/cac-40-climbs-after-ecbs-jumbo-rate-hike\/"},"modified":"2022-09-09T09:15:32","modified_gmt":"2022-09-09T09:15:32","slug":"cac-40-climbs-after-ecbs-jumbo-rate-hike","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2022\/09\/09\/cac-40-climbs-after-ecbs-jumbo-rate-hike\/","title":{"rendered":"CAC 40 Climbs After ECB&#8217;s Jumbo Rate Hike"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> French stocks jumped on Friday, a day after the European Central Bank raised interest rates by a record 75 basis points and signaled further hikes to tame runaway inflation.<\/p>\n<p>The focus now shifts to a meeting of European Union countries&#8217; energy ministers later in the day, where they will attempt to forge a united response to shield citizens from sky-high energy prices as winter approaches. <\/p>\n<p>Meanwhile, investors shrugged off data showing that French industrial production fell for the first time in three months in July.<\/p>\n<p>Industrial production declined 1.6 percent from June, when output was up 1.2 percent, the statistical office Insee said. This was the first fall in three months. <br \/>Economists had forecast a moderate 0.5 percent drop for July.<\/p>\n<p>The benchmark CAC 40 was up 110 points, or 1.80 percent, at 6,236 after closing 0.3 percent higher on Thursday.<\/p>\n<p>Banks topped the gainers list, with BNP Paribas, Credit Agricole and Societe Generale rising 3-4 percent. <\/p>\n<\/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 Climbs After ECB&#8217;s Jumbo Rate Hike<\/a><br \/>\n<br \/>2022-09-09 09:15:32<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>French stocks jumped on Friday, a day after the European Central Bank raised interest rates by a record 75 basis points and signaled further hikes to tame runaway inflation. The&#8230;<\/p>\n","protected":false},"author":2,"featured_media":25718,"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-25717","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/25717","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=25717"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/25717\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/25718"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=25717"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=25717"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=25717"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}