{"id":54491,"date":"2024-12-30T09:06:30","date_gmt":"2024-12-30T09:06:30","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/12\/30\/cac-40-slips-into-red-on-economic-concerns\/"},"modified":"2024-12-30T09:06:30","modified_gmt":"2024-12-30T09:06:30","slug":"cac-40-slips-into-red-on-economic-concerns","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/12\/30\/cac-40-slips-into-red-on-economic-concerns\/","title":{"rendered":"CAC 40 Slips Into Red On Economic Concerns"},"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 lower on Monday amid worries about the country&#8217;s economic outlook and the prospect of a trade war after U.S. President-elect Donald Trump threatened sweeping tariffs on goods. <\/p>\n<p>Investors remain concerned about how the French government will tackle a growing budget deficit. <\/p>\n<p>The country&#8217;s new finance minister said in a newspaper interview that the delayed 2025 budget bill will target a deficit of slightly above 5 percent in order to protect growth. <\/p>\n<p>&#8220;To protect growth, the reduction of the deficit must come more through reductions in public spending than through taxation,&#8221; Eric Lombard told La Tribune Dimanche, adding that any tax increases should be &#8220;very limited&#8221;.<\/p>\n<p>The benchmark CAC 40 was down 22 points, or 0.3 percent, at 7,334 after rallying 1 percent on Friday.<\/p>\n<p>China-related LVMH, Hermes International and Kering all were down around half a percent ahead of Chinese manufacturing PMI data due on Tuesday. <\/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 Slips Into Red On Economic Concerns<\/a><br \/>\n<br \/>2024-12-30 09:06:30<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>French stocks traded lower on Monday amid worries about the country&#8217;s economic outlook and the prospect of a trade war after U.S. President-elect Donald Trump threatened sweeping tariffs on goods&#8230;.<\/p>\n","protected":false},"author":2,"featured_media":54492,"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-54491","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/54491","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=54491"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/54491\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/54492"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=54491"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=54491"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=54491"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}