CAC 40: Shortened session

(News Bulletin 247) – Investors should limit initiatives in Paris as it closes at 2:00 p.m. today. Operations will resume on Friday. No notable macroeconomic information is published today. On a microeconomic level, we will closely follow the Alstom stock. The group announced that it had received two orders in December for a cumulative amount of nearly 760 million euros for spare parts and maintenance services. The index should extend its rebound while the American indices rose yesterday despite less than enthusiastic announcements. Indeed, American consumer confidence fell unexpectedly in December for the first time in three months. Less positive news, however, reassures investors because they are campaigning for greater easing than announced by the American central banker last week. Indeed, Jerome Powell dampened investors’ expectations for 2025 in terms of rate cuts, since he halved expectations. Thus, weaker figures for the American economy would give room for maneuver to American monetary policy decision-makers.

KEY GRAPHIC ELEMENTS

Technically the Parisian index stabilizes above its technical support of 7200 points. As long as this level is not broken to the downside, buyers maintain a short-term advantage and can aim to fill the gap. The signals are weak given the periodicity of the end-of-year holidays: the anemic volumes do not inform investors about the real vitality of the movements made. So we will be careful.

FORECAST

Considering the key graphical 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 support at 7200.00 points.

Hourly graph

Daily Data Chart