{"id":36968,"date":"2023-07-31T08:56:39","date_gmt":"2023-07-31T08:56:39","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2023\/07\/31\/cac-40-gains-on-china-stimulus-optimism-2\/"},"modified":"2023-07-31T08:56:39","modified_gmt":"2023-07-31T08:56:39","slug":"cac-40-gains-on-china-stimulus-optimism-2","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2023\/07\/31\/cac-40-gains-on-china-stimulus-optimism-2\/","title":{"rendered":"CAC 40 Gains On China Stimulus Optimism"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> French stocks were a tad higher on Monday as weak Chinese data spurred hopes of more policy stimulus. <\/p>\n<p>China&#8217;s manufacturing activity fell for a fourth straight month in July while the services and construction sectors teetered on the brink of contraction, official data showed today.<\/p>\n<p>In another development, China&#8217;s State Council announced further measures to bolster consumption and economic growth. <\/p>\n<p>Investors also embraced the latest economic data from the U.S. showing an easing in wage costs and core inflation.<\/p>\n<p>The benchmark CAC 40 was up 14 points, or 0.2 percent, at 7,490 after rising 0.2 percent on Friday.<\/p>\n<p>China-related stocks traded mixed, with Kering falling 1.3 percent, while LVMH rose half a percent and Hermes International added 1.1 percent. <\/p>\n<p>The latest figures on eurozone inflation and gross domestic product are awaited later in the day. <\/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 Gains On China Stimulus Optimism<\/a><br \/>\n<br \/>2023-07-31 08:56:39<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>French stocks were a tad higher on Monday as weak Chinese data spurred hopes of more policy stimulus. China&#8217;s manufacturing activity fell for a fourth straight month in July while&#8230;<\/p>\n","protected":false},"author":2,"featured_media":36969,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":{"0":"post-36968","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-euro-markets"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/36968","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=36968"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/36968\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/36969"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=36968"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=36968"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=36968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}