{"id":39701,"date":"2023-10-18T09:01:21","date_gmt":"2023-10-18T09:01:21","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2023\/10\/18\/cac-40-marginally-higher-as-luxury-stocks-gain-on-china-data\/"},"modified":"2023-10-18T09:01:21","modified_gmt":"2023-10-18T09:01:21","slug":"cac-40-marginally-higher-as-luxury-stocks-gain-on-china-data","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2023\/10\/18\/cac-40-marginally-higher-as-luxury-stocks-gain-on-china-data\/","title":{"rendered":"CAC 40 Marginally Higher As Luxury Stocks Gain On China Data"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> French stocks were little changed on Wednesday as improved economic readings from China offset worries about a worsening situation in the Middle East.<\/p>\n<p>The benchmark CAC 40 was marginally higher at 7,036 after ending little changed in the previous session. <\/p>\n<p>China-exposed luxury firms such as LVMH, Kering and Hermes International all rose about 1 percent after a slew of China data came in above forecasts. <\/p>\n<p>Data showed China&#8217;s GDP grew at a 4.9 percent annual pace in July-September, down from 6.3 percent in the previous quarter but above forecasts for a 4.4 percent increase.<\/p>\n<p>Retail sales and industrial output figures for September also surprised on the upside, helping ease investor anxiety over the attainability of the official GDP target this year. <\/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 Marginally Higher As Luxury Stocks Gain On China Data<\/a><br \/>\n<br \/>2023-10-18 09:01:21<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>French stocks were little changed on Wednesday as improved economic readings from China offset worries about a worsening situation in the Middle East. The benchmark CAC 40 was marginally higher&#8230;<\/p>\n","protected":false},"author":2,"featured_media":39702,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":{"0":"post-39701","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\/39701","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=39701"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/39701\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/39702"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=39701"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=39701"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=39701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}