(News Bulletin 247) – After a long weekend, investors will have to deal with a lot of information. First of all, they will keep an eye on developments around the geopolitical situation, particularly with China and Taiwan. For three days, the Chinese army conducted military maneuvers around the island of Taiwan, simulating targeted bombardments in particular. Taiwan reportedly detected 11 Chinese warships and 59 aircraft around the island. Among the latter, nuclear-capable H-6 bombers armed with live missiles were detected. Another subject of macroeconomic concern, this week inflation data will be published across the Atlantic. The latest data from China is reassuring. China’s consumer price index rose at its slowest pace in 18 months in March. The 0.7% year-on-year rise in the CPI was lower than analysts’ expectations for a 1% increase. On the side of values ​​and while the earnings publication season will begin this week, particularly in the United States with the banking sector, Airbus is still showing pressure from supply chains, resulting in declining deliveries. They reached 127 devices in the first quarter, a decline of around 10%. The group also announced a contract with the Chinese operator GDAT for the delivery of 50 H160 helicopters. While the title Alstom was in difficulty, the group announced that it had won an operation and maintenance contract with the American administration of transport in Maryland with a potential value of 1.2 billion euros over fifteen years.

KEY GRAPHIC ELEMENTS

Technically the Parisian index should open with a bullish gap this morning in contact with its previous records. The index should then decline to look for buyers in the 7200 point area. A wait-and-see attitude should take over as many events are expected this week, especially after a long weekend without transactions.

FORECAST

In view of the key graphic factors that we have mentioned, our opinion is positive on the CAC 40 index in the short term.

This bullish scenario is valid as long as the CAC 40 index is above the support at 7234.00 points.

The News Bulletin 247 board

CAC 40
Positive
Resistance(s):
7400.00 / 7500.00 / 7740.00
Medium(s):
7234.00 / 7015.00 / 6885.00

Hourly data chart

Graphic made from the software Prorealtime

Chart in daily data

CAC 40: Optimism continues (©ProRealTime.com)
Graphic made from the software Prorealtime



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