{"id":57764,"date":"2025-03-24T10:58:04","date_gmt":"2025-03-24T10:58:04","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/03\/24\/cac-modestly-higher-after-firm-start\/"},"modified":"2025-03-24T10:58:04","modified_gmt":"2025-03-24T10:58:04","slug":"cac-modestly-higher-after-firm-start","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/03\/24\/cac-modestly-higher-after-firm-start\/","title":{"rendered":"CAC Modestly Higher After Firm Start"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> French stocks remain in positive territory a little before noon on Monday despite coming off early highs. Data showing a slower pace of decline in French manufacturing and services sector activity in the month of March aided sentiment.<\/p>\n<p>Still, the mood in the market remains cautious with investors awaiting greater clarity on U.S. tariffs after U.S. President Donald Trump said there will be &#8220;flexibility&#8221; on his reciprocal tariff plan and that he would discuss tariffs with Chinese President Xi Jinping.<\/p>\n<p>The benchmark CAC 40 was up 21.44 points or 0.27% at 8,064.39 a few minutes ago. The index climbed to 8,114.45 earlier in the session.<\/p>\n<p>Thales is rising 3.2%. Renault is gaining about 2.3%, while ArcelorMittal is up 1.7%. Societe Generale and Stellantis are advancing 1.5% and 1.2%, respectively.<\/p>\n<p>Airbus, Veolia Environment, BNP Paribas, Teleperformance, AXA, Safran, Air Liquide, STMicroElectronics, Michelin, Accor, Edenred, Publicis Groupe and Bouygues are up with moderate gains.<\/p>\n<p>Vivendi SE is gaining 1.5% after reducing its stake in Telecom Italia to 18.4%. <\/p>\n<p>Kering is declining 3.4%. Sanofi is down 1.7% and Dassault Systemes is down by about 1%. Carrefour, Danone, Hermes International and Orange are also notably lower.<\/p>\n<p>Flash survey results published by S&amp;P Global showed  France&#8217;s economic downturn continued in March but the pace of decline slowed moderately driven by tentative signs of recovery in the manufacturing sector. The HCOB composite output index posted a two-month high of 47.0 in March, up from 45.1 in February.<br \/>However, a reading below 50.0 indicates contraction. The private sector has contracted for the seventh straight month.<\/p>\n<p>The survey showed that both the manufacturing and service sectors posted shallower contractions in output at the end of the first quarter. The services Purchasing Managers&#8217; Index rose more-than-expected to 46.6 in March from 45.3 in the prior month. The reading was seen at 46.3.<\/p>\n<p>At 48.9, the factory PMI hit a 26-month high and climbed from 45.8 in February. The score was forecast to improve to 46.2.<\/p>\n<p>Total new orders received by private sector companies declined in March but at a less severe pace than in the previous month, reflecting slower falls in new <span class=\"landLinks\">business<\/span> receipts at both manufacturers and service providers. <\/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 \/>CAC Modestly Higher After Firm Start<\/a><br \/>\n<br \/>2025-03-24 10:58:04<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>French stocks remain in positive territory a little before noon on Monday despite coming off early highs. Data showing a slower pace of decline in French manufacturing and services sector&#8230;<\/p>\n","protected":false},"author":2,"featured_media":57765,"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-57764","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/57764","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=57764"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/57764\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/57765"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=57764"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=57764"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=57764"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}