{"id":40274,"date":"2023-11-02T08:56:22","date_gmt":"2023-11-02T08:56:22","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2023\/11\/02\/cac-40-gains-on-fed-rate-optimism\/"},"modified":"2023-11-02T08:56:22","modified_gmt":"2023-11-02T08:56:22","slug":"cac-40-gains-on-fed-rate-optimism","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2023\/11\/02\/cac-40-gains-on-fed-rate-optimism\/","title":{"rendered":"CAC 40 Gains On Fed Rate Optimism"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> French stocks traded sharply higher on Thursday after comments from Fed Chair Jerome Powell suggested that the U.S. central bank is hitting pause again on its rate-hiking campaign.<\/p>\n<p>After leaving interest rates unchanged at a two-decade high for the second straight policy meeting, the Federal Reserve on Wednesday indicated that policy will likely remain unchanged into 2024.<\/p>\n<p>The benchmark CAC 40 was up 84 points, or 1.21 percent, at 7,016 after climbing 0.7 percent in the previous session. <\/p>\n<p>Alstom jumped 3.3 percent after it secured an eight-year services contract extension worth around \u20ac950 million from CrossCountry in the United Kingdom.<\/p>\n<p>Schneider Electric added 2.5 percent. The company focused on digital automation and energy management said that it has finalized the acquisition of EcoAct SAS, a climate consultation and net zero solutions provider.<\/p>\n<p>Engineering &amp; construction firm Technip Energies soared 4 percent after confirming its FY23 guidance. <\/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 Fed Rate Optimism<\/a><br \/>\n<br \/>2023-11-02 08:56:22<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>French stocks traded sharply higher on Thursday after comments from Fed Chair Jerome Powell suggested that the U.S. central bank is hitting pause again on its rate-hiking campaign. After leaving&#8230;<\/p>\n","protected":false},"author":2,"featured_media":40275,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":["post-40274","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/40274","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=40274"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/40274\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/40275"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=40274"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=40274"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=40274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}