{"id":60434,"date":"2025-06-03T11:06:39","date_gmt":"2025-06-03T11:06:39","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/06\/03\/cac-40-down-marginally-in-lackluster-trade-2\/"},"modified":"2025-06-03T11:06:39","modified_gmt":"2025-06-03T11:06:39","slug":"cac-40-down-marginally-in-lackluster-trade-2","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/06\/03\/cac-40-down-marginally-in-lackluster-trade-2\/","title":{"rendered":"CAC 40 Down Marginally In Lackluster Trade"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> French stocks are down on Tuesday, extending recent losses, as a downgrade revision in global growth forecast by the Organization for Economic Co-operation and Development (OECD), and continued uncertainty about Trump administration&#8217;s tariff moves weigh on sentiment.<\/p>\n<p>The benchmark CAC was down 14.94 points or 0.19% at 7,722.26 a few minutes ago.<\/p>\n<p>Teleperformance, Michelin and LVMH are down 3%, 2.4% and 2.2%, respectively. ArcelorMittal is down nearly 2%.<\/p>\n<p>Veolia Environment, Societe Generale, Kering and Edenred are declining 1 to 1.4%. Capgemini, Schneider Electric, Hermes International, Eurofins Scientific, Credit Agricole and Bureau Veritas are also down in negative territory.<\/p>\n<p>Sanofi, Safran, Dassault Systemes, Accor, L&#8217;Oreal, AXA, Renault, Thales, Orange, Carrefour and STMicroElectronics are up with moderate gains.<\/p>\n<p>On the economic front, data showed France&#8217;s government budget deficit narrowed to EUR 69.3 billion in April 2025 from EUR 91.6 billion in the corresponding period of the previous year. Total revenues climbed by 42% year-on-year to EUR 105.6 billion, while expenditures rose at a softer 3.2% to EUR 158.5 billion. <\/p>\n<p>The OECD slashed its global growth forecast to 2.9% from its earlier forecast of 3.1% for 2025.<\/p>\n<p>The Paris-based firm said the outlook across the globe has become challenging with rising trade barriers and policy uncertainty, which is weighing on consumer confidence and blocking investments.<\/p>\n<p>Flash data from Eurostat showed eurozone inflation eased more than expected in May largely due to the slowdown in services inflation.<\/p>\n<p>Inflation softened to 1.9% in May, slightly below the central bank&#8217;s target of 2%. Inflation was expected to slow to 2% from 2.2% in April.<\/p>\n<p>Core inflation that strips out prices of energy, food, alcohol and tobacco, slowed unexpectedly to 2.3% from 2.7%. The rate was seen at 2.4%.<\/p>\n<p>On a monthly basis, the harmonized index of consumer prices remained flat in May.<\/p>\n<p>A separate data from Eurostat said the unemployment rate in the Euro Area edged down to 6.2% in April 2025, matching the record low set in December. The rate was down from a revised 6.3% in March. <\/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 Down Marginally In Lackluster Trade<\/a><br \/>\n<br \/>2025-06-03 11:06:39<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>French stocks are down on Tuesday, extending recent losses, as a downgrade revision in global growth forecast by the Organization for Economic Co-operation and Development (OECD), and continued uncertainty about&#8230;<\/p>\n","protected":false},"author":2,"featured_media":60435,"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-60434","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/60434","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=60434"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/60434\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/60435"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=60434"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=60434"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=60434"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}