{"id":7269,"date":"2021-02-04T09:23:23","date_gmt":"2021-02-04T09:23:23","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/02\/04\/cac-40-gains-on-us-stimulus-optimism\/"},"modified":"2021-02-04T09:23:23","modified_gmt":"2021-02-04T09:23:23","slug":"cac-40-gains-on-us-stimulus-optimism","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/02\/04\/cac-40-gains-on-us-stimulus-optimism\/","title":{"rendered":"CAC 40 Gains On US Stimulus Optimism"},"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 advanced on Thursday as solid ADP private payrolls data released overnight triggered hopes of a labor market recovery in the world&#8217;s largest <span class=\"landLinks\">economy<\/span> and the House&#8217;s approval of a budget resolution cleared the path for the Covid-19 relief plan.<\/p>\n<p>The U.S. House of Representatives passed the budget resolution in a 218-212 vote on Wednesday, with the Senate vote scheduled later this week.<\/p>\n<p>After the passage in both chambers, Democrats will start crafting a budget reconciliation bill, which would allow them to push stimulus legislation.<\/p>\n<p>Investors remain hopeful after Democrats pushed ahead with a maneuver to pass U.S. President Joe Biden&#8217;s $1.9 trillion Covid-19 relief package without Republican support.<\/p>\n<p>Closer home, French <span class=\"landLinks\">business<\/span> managers forecast a strong rebound in investment expenditure this year, according to a survey, released by the statistical office Insee.<\/p>\n<p>Managers forecast investment expenditure to rise 10 percent this year, reversing an estimated decline of 13 percent in 2020. Managers upgraded their forecast for 2021 by 6 points and that for 2020 by 1 point.<\/p>\n<p>The benchmark CAC 40 rose 26 points, or half a percent, to 5,589 after finishing marginally lower the previous day. <\/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 Gains On US Stimulus Optimism<\/a><br \/>\n<br \/>2021-02-04 09:23:23<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>French stocks advanced on Thursday as solid ADP private payrolls data released overnight triggered hopes of a labor market recovery in the world&#8217;s largest economy and the House&#8217;s approval of&#8230;<\/p>\n","protected":false},"author":2,"featured_media":7270,"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-7269","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/7269","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=7269"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/7269\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/7270"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=7269"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=7269"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=7269"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}