The CAC 40 sets the direction compared to the DAX
The CAC 40 reacted to the release of US inflation data this Wednesday with a significant jump. In the US, the momentum of price increases slowed down more than expected in July. Inflation slowed to 8.5 percent, according to the Washington Department of Labor. In June, inflation in the world’s largest economy was still 9.1 percent. But even before the most recent upward movement, the French premium index, which gained around 9 percent in July, was doing significantly better than its German counterpart: while the French blue-chip index lost around 7 percent in the past six months, the DAX was running in this one Time a minus of almost 11 percent.