{"id":37073,"date":"2023-08-02T09:05:24","date_gmt":"2023-08-02T09:05:24","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2023\/08\/02\/cac-40-slips-after-us-rating-downgrade\/"},"modified":"2023-08-02T09:05:24","modified_gmt":"2023-08-02T09:05:24","slug":"cac-40-slips-after-us-rating-downgrade","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2023\/08\/02\/cac-40-slips-after-us-rating-downgrade\/","title":{"rendered":"CAC 40 Slips After US Rating Downgrade"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> French stocks fell sharply on Wednesday after Fitch downgraded the U.S. government&#8217;s credit rating from AAA to AA+, citing fiscal deterioration and repeated debt ceiling standoffs.<\/p>\n<p>The rating agency said that during the last 20 years, there has been a decline in the standard of governance in America, the effect of which is visible in fiscal and debt decisions.<\/p>\n<p>Signs of weakening global growth and a lack of concrete measures from Chinese policymakers to boost growth in the world&#8217;s second-largest <span class=\"landLinks\">economy<\/span> also weighed on sentiment. <\/p>\n<p>The benchmark CAC 40 was down 1.6 percent at 7,289 after declining 1.2 percent on Tuesday.<\/p>\n<p>There was little reaction in the dollar, with the euro falling below the 1.1090 support zone to move into a short-term bearish zone against the greenback. <\/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 Slips After US Rating Downgrade<\/a><br \/>\n<br \/>2023-08-02 09:05:24<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>French stocks fell sharply on Wednesday after Fitch downgraded the U.S. government&#8217;s credit rating from AAA to AA+, citing fiscal deterioration and repeated debt ceiling standoffs. The rating agency said&#8230;<\/p>\n","protected":false},"author":2,"featured_media":37074,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":["post-37073","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/37073","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=37073"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/37073\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/37074"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=37073"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=37073"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=37073"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}