{"id":50997,"date":"2024-09-27T10:42:15","date_gmt":"2024-09-27T10:42:15","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/09\/27\/inflation-dip-and-china-hopes-lift-cac-40\/"},"modified":"2024-09-27T10:42:15","modified_gmt":"2024-09-27T10:42:15","slug":"inflation-dip-and-china-hopes-lift-cac-40","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/09\/27\/inflation-dip-and-china-hopes-lift-cac-40\/","title":{"rendered":"Inflation Dip And China Hopes Lift CAC 40"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Better-than-expected inflation readings that renewed rate cut expectations from the ECB as well as hopes of economic revival in China following the stimulus measures have lifted the CAC-40 higher in Friday&#8217;s trading. <\/p>\n<p>Data released earlier in the day showed preliminary inflation reading for September at 1.2 percent, lower than 1.6 percent that the <span class=\"landLinks\">markets<\/span> had expected. The level was 1.8 percent a month earlier.  <\/p>\n<p>The CAC-40 is currently trading at 7,770.46, rising 0.37 percent from the previous close of 7,742.09. The day&#8217;s trading has been between 7,743.88 and 7,779.61.  <br \/>Of the 40 scrips in the index, only 12 scrips are trading below the flatline.   <\/p>\n<p>China-focused luxury <span class=\"landLinks\">business<\/span> Kering topped gains with a jump of 5.1 percent. STMicroelectronics rallied 4.5 percent. Renault, Stellantis and Teleperformance, all gained more than 3 percent in the day&#8217;s trading. <\/p>\n<p>Schneider Electric, Dassault Systemes and Safran have all slipped more than 1 percent. AXA and Publicis Groupe also shed more than 0.75 percent. <\/p>\n<p>The EUR\/USD pair has slipped 0.15 percent and is currently trading at 1.1159 after ranging between 1.1179 and 1.1125. The EUR\/GBP pair has edged up 0.05 percent to 0.8336 whereas the EUR\/JPY pair has slipped 1.32 percent to 159.74.<\/p>\n<p>In line with the softening in global bond yields, yields on France&#8217;s ten-year bonds have declined 2.6 percent to 2.895%. The yield was at 2.973 percent a day earlier. <\/p>\n<\/p>\n<\/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 \/>Inflation Dip And China Hopes Lift CAC 40<\/a><br \/>\n<br \/>2024-09-27 10:42:15<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Better-than-expected inflation readings that renewed rate cut expectations from the ECB as well as hopes of economic revival in China following the stimulus measures have lifted the CAC-40 higher in&#8230;<\/p>\n","protected":false},"author":2,"featured_media":50998,"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-50997","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/50997","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=50997"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/50997\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/50998"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=50997"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=50997"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=50997"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}