{"id":49030,"date":"2024-07-08T09:08:09","date_gmt":"2024-07-08T09:08:09","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/07\/08\/cac-40-gains-as-elections-end-up-with-no-clear-majority\/"},"modified":"2024-07-08T09:08:09","modified_gmt":"2024-07-08T09:08:09","slug":"cac-40-gains-as-elections-end-up-with-no-clear-majority","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/07\/08\/cac-40-gains-as-elections-end-up-with-no-clear-majority\/","title":{"rendered":"CAC 40 Gains As Elections End Up With No Clear Majority"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> French stocks climbed on Monday after a shock defeat for the far-right National Rally in France.<\/p>\n<p>A leftist coalition surged to take the most seats in parliament in the second round of elections, but no single political faction got even close to the majority needed to form a government, creating political mayhem that has undermined the president&#8217;s power and shaken the foundations of the European Union&#8217;s second-largest <span class=\"landLinks\">economy<\/span>. <\/p>\n<p>Meanwhile, investors grew more confident about a September U.S. rate cut following last week&#8217;s softer-than-expected jobs data.<\/p>\n<p>The benchmark CAC 40 was up 67 points, or 0.9 percent, at 7,742 after declining 0.3 percent on Friday.<\/p>\n<p>Banks rallied, with BNP Paribas, Credit Agricole and Societe Generale rising 1-2 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 Gains As Elections End Up With No Clear Majority<\/a><br \/>\n<br \/>2024-07-08 09:08:09<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>French stocks climbed on Monday after a shock defeat for the far-right National Rally in France. A leftist coalition surged to take the most seats in parliament in the second&#8230;<\/p>\n","protected":false},"author":2,"featured_media":49031,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":["post-49030","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/49030","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=49030"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/49030\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/49031"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=49030"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=49030"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=49030"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}