{"id":70688,"date":"2021-10-14T11:28:37","date_gmt":"2021-10-14T09:28:37","guid":{"rendered":"https:\/\/test2023.luxus-plus.com\/?p=70688"},"modified":"2021-10-14T11:28:37","modified_gmt":"2021-10-14T09:28:37","slug":"stock-market-cac40-growth-boosted-by-luxury-goods","status":"publish","type":"post","link":"https:\/\/luxus-plus.com\/en\/stock-market-cac40-growth-boosted-by-luxury-goods\/","title":{"rendered":"Stock market: CAC40 growth boosted by luxury goods"},"content":{"rendered":"<h4>Supported by the satisfactory performance of the various luxury companies, the Paris Bourse has recovered and is posting good results.<\/h4>\n<h4><!--more--><\/h4>\n<p>&nbsp;<\/p>\n<p><strong>LVMH<\/strong>, the leading French luxury goods company, gains 3.16% to 653.6 after announcing a 20% increase in sales in the third quarter. Revenue growth slowed in Asia and the United States, where <strong>Bernard Arnault<\/strong>&#8216;s group had had an exceptional first half. Nevertheless, the world&#8217;s leading luxury goods company was confident that its current growth would continue. In the wake of <strong>LVMH<\/strong>, the other luxury companies also posted good results. <strong>Herm\u00e8s<\/strong> gains 2.71% to 1268 and <strong>Kering<\/strong> 1.5% to 644.3.<\/p>\n<p>&nbsp;<\/p>\n<p>While luxury goods are driving the growth of the <strong>CAC40<\/strong>, companies in other sectors that are still listed on the stock exchange are not outdone. Thus, the specialist in multi-technical services <strong>Spie<\/strong> saw its share price jump by 8.45% to 21.3 after announcing that it was withdrawing from the bidding process for the acquisition of <strong>Equans<\/strong>, a subsidiary of <strong>Engie<\/strong>.<\/p>\n<p>&nbsp;<\/p>\n<p>For their part, <strong>Dassault Syst\u00e8mes<\/strong> gained 3.48% to 45.29 and <strong>Cagemini<\/strong> 4.04% to 182.7.<\/p>\n<div id=\"target-dummydiv\" class=\"lmt__textarea lmt__textarea_dummydiv\"><\/div>\n<div>On the other hand, two major companies saw their share prices fall. The first is <strong>Sodexo<\/strong>, which lost 2.91% to 76.2, penalised by <strong>Exane BNP<\/strong> <strong>Paribas<\/strong>, which downgraded the group&#8217;s share price from neutral to underperform. The second is <strong>AXA<\/strong>, which is expecting to have to pay out millions in claims as a result of the typhoons that hit <strong>Hong Kong<\/strong> in less than a week. <strong>AXA&#8217;s<\/strong> shares fell 2.21% to 23.54.<\/div>\n<p>&nbsp;<\/p>\n<p>Overall, the <strong>CAC40<\/strong> index rose 0.75% to 6,597.38 points, with a volume of 3.524 billion euros traded.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>Read also &gt; <a href=\"https:\/\/luxus-plus.com\/en\/lvmh-continues-to-grow-on-the-stock-market\/\">LVMH CONTINUES TO GROW ON THE STOCK MARKET<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>Featured photo : \u00a9 Wikimedia Commons<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Supported by the satisfactory performance of the various luxury companies, the Paris Bourse has recovered and is posting good results.<\/p>\n","protected":false},"author":1,"featured_media":70692,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_titles_title":"%%post_title%% %%sep%% %%sitetitle%%","_seopress_titles_desc":"Supported by the satisfactory performance of the various luxury companies, the Paris Bourse has recovered and is posting good results.","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"none","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":301,"_seopress_analysis_target_kw":"Stock Market,CAC40,Paris,LVMH,AXA,Hermes,Kering,Luxury,Auction,Bernard Arnault","footnotes":""},"categories":[24],"tags":[22419],"class_list":["post-70688","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-news-en"],"_links":{"self":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/posts\/70688","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/comments?post=70688"}],"version-history":[{"count":0,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/posts\/70688\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/media\/70692"}],"wp:attachment":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/media?parent=70688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/categories?post=70688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/tags?post=70688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}