(BFM Stock Exchange) – This article, with free access, is produced by the research team in BFM Stock Exchange analysis and market strategy. To not miss any opportunity, consult all of the analyzes and discover our portfolios by accessing our privilege space.
In discrete volumes, the CAC 40 index grappled 0.27%to 7,502 points, with the support of Renault (+4.38%) and Air Liquide (+2.22%), which published their respective quarterly copies. For the first, it is here, and for the second, it is there.
The Parisian market, although at the heart of the quarterly ball of the large side groups, remains attentive to the slightest development in the soap opera of the trade war between Washington … to the rest of the world, and singularly Beijing, which Donald Trump accuses of all words. A relative appeasement has been palpable in market rooms since the start of the week, however.
“We will have to see what will happen from now on, but a large part of optimism is due to the fact that investors think that the American administration will give in more. This point of view has been corroborated by the Wall Street Journal of yesterday, which suggested that the customs duties imposed on China could be revised downwards,” explains Deutsche Bank.
Wednesday, the Wall Street Journal reported that American customs duties against China could be brought around 50-65% against 145% at present.
In the statistical chapter, note the publication of weekly registrations unemployed in slight increase and an explosion of orders of lasting goods. It should be noted that this explosion of more than 9% monthly is mainly due to the car vehicle component. Would the Americans have anticipated their orders from Volvo, BMW and other Toyota before the application of prohibitive customs duties? …
On the European side, market operators have read the very follow -up IFO of business climate in Germany, the first economic power in the euro zone. It appears almost stable and close to expectations, at 86.9 points. The economic cycle graphic tool remains stuck in the “crisis” box, for its part.
To be complete on the values ​​side, Stmicroelectronics (+5.3%) delivered results and perspectives above expectations. Conversely, Dassault Systèmes (-5.1%) is punished for having slightly missing expectations and adjusted to the decline in its margin forecast for 2025, Thales (-3.8%) delivered command sockets significantly lower than the consensus and BNP Paribas (-2.2%) published mixed results.
On the other side of the Atlantic, the main shares on shares finished the session of Thursday in live increase, like the Dow Jones (+1.23%) and the Nasdaq Composite (+2.74%). The S & P500, a reference barometer of appetite for the risk in the eyes of fund managers, gained 2.03% at 5,484 points.
A point on the other asset classes at risk: around 8:00 am this morning on the exchange market, the single currency was treated at a level close to $ 1,1330. The barrel of WTI, one of the barometers of appetite for the risk on the financial markets, was exchanged around $ 62.90. THE Treasuries 10 Yearsyield of federal sovereign bonds due to 10 years, was negotiated slightly above 4.29%. As for the Vix, it was worth 26.47 at the last fence of the S&P500.
At the macroeconomic agenda this Friday, to follow the revised data of the consumer trust index (U-Mich) at 4:00 p.m.
Key graphics elements
The technical framework is upset, with a break in the psychological pivot threshold of the 8,000 points at the end of the week 13. Rupture which was followed by intense clearances, in powerful volumes. The GAP of January 16 is now fully filled, without any reaction from the courses. Worse, a crossing part (7,552 – 7,585 points). In two sessions, Thursday 03 and Friday 04 April, the flagship index lost nearly 520 points, and switched to the red for its assessment since 01/01. Monday April 07, once again showed the extreme psychological tension of a market at the heart of a wave of intense clearances.
In the immediate future an attempt to rebalance, not without nervousness, constitutes the privileged scenario. An outing for the bottom of a bevel figure would cause an increase in volatility, in terms of the nervousness known at the inlet of the graphic figure. Note that the tricolor flagship index came to fail against the low terminal of the GAP on April 04, before turning in the session, without managing to fill it. The 7,550 points are reinforced as a resistance.
FORECAST
In view of the key graphic factors that we have identified, our opinion is neutral on the CAC 40 index in the short term.
We will take care to note that a crossing of the 7500.00 points would revive the tension to the purchase. While a break in the 7086.00 points would relaunch the selling pressure.
The News Bulletin 247 Council
Hourly data graphics
Daily data graphics
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
