{"id":38923,"date":"2023-09-25T09:12:26","date_gmt":"2023-09-25T09:12:26","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2023\/09\/25\/cac-40-slides-on-china-concerns\/"},"modified":"2023-09-25T09:12:26","modified_gmt":"2023-09-25T09:12:26","slug":"cac-40-slides-on-china-concerns","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2023\/09\/25\/cac-40-slides-on-china-concerns\/","title":{"rendered":"CAC 40 Slides On China Concerns"},"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 declined on Monday amid uncertainty around the Fed&#8217;s rate hike path and concerns over China&#8217;s flagging post-Covid economic recovery.<\/p>\n<p>The benchmark CAC 40 was down 59 points, or 0.8 percent, at 7,126 after closing 0.4 percent lower on Friday. <\/p>\n<p>The euro edged lower against the dollar after European Central Bank (ECB) Governing Council member Francois Villeroy de Galhau said that interest rates should remain at these levels for a sufficiently long period of time.<\/p>\n<p>ECB President Christine Lagarde is scheduled to testify before the European Commission&#8217;s Committee on Economic and Monetary Affairs later in the day, with investors looking for more clues to indicate that the eurozone&#8217;s central bank is done hiking.<\/p>\n<p>China-exposed luxury stocks were moving lower after China Evergrande Group, the world&#8217;s most indebted property developer, said it was unable to issue new debt due to an ongoing investigation into its main domestic subsidiary, Hengda Real Estate Group Co.<\/p>\n<p>Hermes International lost 2.1 percent, Kering fell more than 3 percent and LVMH dropped 1.8 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 Slides On China Concerns<\/a><br \/>\n<br \/>2023-09-25 09:12:26<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>French stocks declined on Monday amid uncertainty around the Fed&#8217;s rate hike path and concerns over China&#8217;s flagging post-Covid economic recovery. The benchmark CAC 40 was down 59 points, or&#8230;<\/p>\n","protected":false},"author":2,"featured_media":38924,"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-38923","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/38923","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=38923"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/38923\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/38924"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=38923"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=38923"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=38923"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}