{"id":60034,"date":"2025-05-23T10:56:36","date_gmt":"2025-05-23T10:56:36","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/05\/23\/cac-40-slips-on-weak-consumer-confidence-data\/"},"modified":"2025-05-23T10:56:36","modified_gmt":"2025-05-23T10:56:36","slug":"cac-40-slips-on-weak-consumer-confidence-data","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/05\/23\/cac-40-slips-on-weak-consumer-confidence-data\/","title":{"rendered":"CAC 40 Slips On Weak Consumer Confidence Data"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> French stocks are drifting lower on Friday, giving up early gains amid cautious moves by investors due to persisting concerns about U.S. fiscal outlook, and continued uncertainty surrounding Trump administration&#8217;s tariff moves. Data showing a drop in French consumer confidence also weigh on sentiment.<\/p>\n<p>The benchmark CAC 40, which advanced to 7,888.97 earlier in the session, dropped to 7,828.14, losing 36.30 points or 0.46%.<\/p>\n<p>Pernod Ricard, Essilor, Hermes International and Veolia Environment are down 1.5 to 2%. Carrefour and Thales are lower by 1.25% and 1.2%, respectively.<\/p>\n<p>Orange, AXA, L&#8217;Oreal, Saint Gobain, LVMH, Schneider Electric and Societe Generale are modestly lower.<\/p>\n<p>Michelin is rising about 1.2%. Edenred, Bureau Veritas and ArcelorMittal are up 0.7 to 1%. STMicroElectronics, Kering, Stellantis and Unibail Rodamco are up marginally.<\/p>\n<p>Data from the statistical office INSEE showed France&#8217;s consumer confidence fell to 88 in May 2025 from a downwardly revised 91 in April, missing forecasts of an improvement to 93. <\/p>\n<p>Concerns about unemployment jumped sharply to 61.00 from 52.0, reaching its highest level since May 2015, while inflation expectations also increased, coming in a t -38 from -37). <\/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 40 Slips On Weak Consumer Confidence Data<\/a><br \/>\n<br \/>2025-05-23 10:56:36<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>French stocks are drifting lower on Friday, giving up early gains amid cautious moves by investors due to persisting concerns about U.S. fiscal outlook, and continued uncertainty surrounding Trump administration&#8217;s&#8230;<\/p>\n","protected":false},"author":2,"featured_media":60035,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":["post-60034","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/60034","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=60034"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/60034\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/60035"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=60034"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=60034"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=60034"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}