{"id":7474,"date":"2021-02-12T08:50:07","date_gmt":"2021-02-12T08:50:07","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/02\/12\/cac-40-drifts-lower-as-traders-track-stimulus-progress\/"},"modified":"2021-02-12T08:50:07","modified_gmt":"2021-02-12T08:50:07","slug":"cac-40-drifts-lower-as-traders-track-stimulus-progress","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/02\/12\/cac-40-drifts-lower-as-traders-track-stimulus-progress\/","title":{"rendered":"CAC 40 Drifts Lower As Traders Track Stimulus Progress"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> French stocks edged lower on Friday as U.S.-China tensions returned to the fore and investors awaited more signs of progress in U.S. stimulus measures.<\/p>\n<p>The benchmark CAC 40 dropped 0.3 percent to 5,653 after ending marginally lower in the previous session. <\/p>\n<p>After a two-hour call with Chinese counterpart Xi Jinping on Wednesday, U.S. President Joe Biden warned lawmakers that &#8220;If we don&#8217;t get moving, they are going to eat our lunch&#8221;.<\/p>\n<p>The two leaders discussed a range of issues, including human rights, trade and security, according to the White House. Both appeared at odds on most issues.<\/p>\n<p>L&#8217;Oreal shares were up 1.5 percent on brokerage upgrades after the cosmetics company posted higher-than-expected revenue growth for the fourth quarter.<\/p>\n<p>Pharmaceutical company Sanofi edged up about half a percent. The company said it has made recommended all-cash offer to all the shareholders to acquire Kiadis Pharma N.V.s&#8217; shares at an offer price of EUR 5.45 (cum dividend) in cash per share. <\/p>\n<\/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 Drifts Lower As Traders Track Stimulus Progress<\/a><br \/>\n<br \/>2021-02-12 08:50:07<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>French stocks edged lower on Friday as U.S.-China tensions returned to the fore and investors awaited more signs of progress in U.S. stimulus measures. The benchmark CAC 40 dropped 0.3&#8230;<\/p>\n","protected":false},"author":2,"featured_media":7475,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":["post-7474","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/7474","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=7474"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/7474\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/7475"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=7474"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=7474"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=7474"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}