{"id":54577,"date":"2025-01-02T10:59:21","date_gmt":"2025-01-02T10:59:21","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/01\/02\/cac-down-1-p-c-as-stocks-fall-on-weak-manufacturing-data\/"},"modified":"2025-01-02T10:59:21","modified_gmt":"2025-01-02T10:59:21","slug":"cac-down-1-p-c-as-stocks-fall-on-weak-manufacturing-data","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/01\/02\/cac-down-1-p-c-as-stocks-fall-on-weak-manufacturing-data\/","title":{"rendered":"CAC Down 1 P.c. As Stocks Fall On Weak Manufacturing Data"},"content":{"rendered":"
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French stocks are down firmly in negative territory in late morning trades on Thursday, extending early losses after data showed a sharp decline in the nation’s manufacturing activity in the month of December.<\/p>\n

The benchmark CAC 40 was down 71.41 points or 0.97% at 7,309.33.<\/p>\n

Final data from S&P Global confirmed that the HCOB France Manufacturing PMI dropped to 41.9 in December from 43.1 in November. That marked the sharpest decline in manufacturing activity since May 2020.<\/p>\n

Among the major losers, Kering is down 3.4%, while LVMH and Hermes International are down 2.3% and 2.5%, respectively. BNP Paribas and Edenred are down 2.1% from their previous closing levels.<\/p>\n

L’Oreal, Societe Generale, Credit Agricol, Stellantis, Accor, Saint-Gobain, Essilor, Pernod Ricaard, Vinci, Schneider Electric, Renault and STMicroElectronics are lower by 1 to 2%. is lower by about 1.2%.<\/p>\n

Airbus is rising nearly 2%. Engie and Safran are up 0.8% and 0.7%, respectively. Orange and Michelin are up marginally. <\/p>\n<\/p>\n<\/div>\n