{"id":49681,"date":"2024-07-24T09:11:56","date_gmt":"2024-07-24T09:11:56","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/07\/24\/cac-40-declines-with-earnings-in-focus-luxury-stocks-worst-hit\/"},"modified":"2024-07-24T09:11:56","modified_gmt":"2024-07-24T09:11:56","slug":"cac-40-declines-with-earnings-in-focus-luxury-stocks-worst-hit","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/07\/24\/cac-40-declines-with-earnings-in-focus-luxury-stocks-worst-hit\/","title":{"rendered":"CAC 40 Declines With Earnings In Focus; Luxury Stocks Worst Hit"},"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 traded sharply lower on Wednesday after Google parent Alphabet and electric vehicle maker Tesla reported disappointing financial results.<\/p>\n<p>There was some cheer on the data front, as a survey showed France&#8217;s dominant services sector expanded in July, helped by a pick-up in <span class=\"landLinks\">business<\/span> from the Olympic Games. <\/p>\n<p>The benchmark CAC 40 was down 113 points, or 1.5 percent, at 7,485 after declining 0.3 percent the previous day. <\/p>\n<p>Luxury group LVMH slumped 4.7 percent after sales slowed in the second quarter. Peer Kering tumbled 3.2 percent and Hermes International dropped 1.8 percent. <\/p>\n<p>Publisher Lagardere Group rose half a percent after reporting a 10.1 percent like-for-like increase in sales for the first six months of the year.<\/p>\n<p>Lender BNP Paribas declined 2.4 percent despite reporting better-than-expected Q2 2024 earnings.<\/p>\n<p>Spirits maker Remy Cointreau gained 1 percent even as it reported a wider-than-expected 15.6 percent decline in first-quarter sales. <\/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 Declines With Earnings In Focus; Luxury Stocks Worst Hit<\/a><br \/>\n<br \/>2024-07-24 09:11:56<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>French stocks traded sharply lower on Wednesday after Google parent Alphabet and electric vehicle maker Tesla reported disappointing financial results. There was some cheer on the data front, as a&#8230;<\/p>\n","protected":false},"author":2,"featured_media":49682,"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-49681","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/49681","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=49681"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/49681\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/49682"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=49681"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=49681"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=49681"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}