CAC 40: Stabilization after the increase

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Investors could adopt a more cautious attitude today after a last upward week. Indeed, the American secretary to the Treasury, Scott Bessent, said he had met his Chinese counterparts during the IMF meetings in Washington last week, without approaching the commercial conflict, thus contradicting President Donald Trump’s statements concerning in progress discussions on customs duties.

According to the Financial Times, the trade war has a significant impact on maritime traffic between the United States and China, with a 30 % cancellation of sea orders between the two countries. The port of Los Angeles thus provides 20 cancellations of ships in May, or 250,000 containers not delivered.

In addition, the semiconductor sector should be animated today, following the announcement of Huawei that it will test its new artificial intelligence processor, in order to surpass the NVIDIA H100 chip, according to the Wall Street Journal.

Investors will also monitor the results of Schneider Electric, Deutsche Börse, Vivendi, Imerys, Theon International, Exosens and Mercialys today in Europe. In the United States, Cadence Design Systems and Domino’s Pizza publications will pay attention.

On the macroeconomic level, no major statistics are expected today. Operators will digest the publication last Friday on the confidence of American consumers, which dropped to 52.2 in April, while long -term inflation anticipations have reached their highest level since 1991, sending worrying signals.

Key graphics elements

Technically, the Parisian index tested a lowered gap last Friday without succeeding in filling it. Operators will be able to remain buyers as long as the index does not close under the level of support of 7,536 points in hourly data. A fence under this level would open the way to a consolidation towards the high terminal of the next GAP, located at 7,400 points, which also corresponds to the lowest of the previous two candles. Uplining, the operators will first target the filling of the lowering gap at the end, then a target at 7,690 points.

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 7690.00 points would revive the tension to the purchase. While a break in the 7512.00 points would relaunch the selling pressure.

Hourly data graphics

Daily data graphics