{"id":35825,"date":"2023-06-27T09:01:45","date_gmt":"2023-06-27T09:01:45","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2023\/06\/27\/cac-40-little-changed-as-investors-react-to-lagarde-speech\/"},"modified":"2023-06-27T09:01:45","modified_gmt":"2023-06-27T09:01:45","slug":"cac-40-little-changed-as-investors-react-to-lagarde-speech","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2023\/06\/27\/cac-40-little-changed-as-investors-react-to-lagarde-speech\/","title":{"rendered":"CAC 40 Little Changed As Investors React To Lagarde Speech"},"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 were little changed on Tuesday as investors reacted to comments from Chinese Premier Li Qiang that growth has picked up this quarter and more stimulus was in store.<\/p>\n<p>The euro edged up after European Central Bank President Christine Lagarde said today that the central bank is committed to attain the 2 percent inflation target.<\/p>\n<p>&#8220;Monetary policy currently has only one goal: to return inflation to our 2 percent medium-term target in a timely manner,&#8221; Lagarde said in a speech at an ECB forum in Sintra, Portugal.<\/p>\n<p>&#8220;And we are committed to reaching this goal come what may.&#8221; <\/p>\n<p>Without any material change to the euro area outlook, the bank will continue to increase rates in July, Lagarde reiterated.<\/p>\n<p>The benchmark CAC 40 was marginally higher at 7,190 after rising 0.3 percent in the previous session. <\/p>\n<p>Banks BNP Paribas, Credit Agricole and Societe Generale were seeing modest gains while automaker Renault was moving lower. <\/p>\n<p>Sanofi edged down slightly despite reporting positive results from its phase 2B study of Amlitelimab in adults with moderate-to-severe Atopic Dermatitis. <\/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 Little Changed As Investors React To Lagarde Speech<\/a><br \/>\n<br \/>2023-06-27 09:01:45<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>French stocks were little changed on Tuesday as investors reacted to comments from Chinese Premier Li Qiang that growth has picked up this quarter and more stimulus was in store&#8230;.<\/p>\n","protected":false},"author":2,"featured_media":35826,"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-35825","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/35825","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=35825"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/35825\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/35826"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=35825"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=35825"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=35825"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}