(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.
With the support of rather reassuring figures on American employment health, the CAC 40, which opened in Haussier gap on Friday, amplified its height to complete the session up 2.33% to 7,770 points.
The American economy created 177,000 jobs in April, which is higher than the consensus of 138,000, expected positions but it is less than the 185,000 in revised data in March. The unemployment rate for its part remained stable at 4.2% last month.
“The employment report is pretty good but it should end up deteriorating because the deletions of DOGE positions (the Department of Government Efficiency) are not yet taken into account and because the positive dynamics of job creations in transport and storage, probably linked to the strong but temporary increase in imports, should dry up,” warns Bastien Drut, responsible for strategy and economic studies.
The market remains attentive to the slightest development in the soap opera of the trade war waged by Washington against the rest of the world, and particularly Beijing, which Trump accuses of all evils.
Market optimism continues after the Chinese Ministry of Commerce said it was asking for trade negotiations with the United States. The ministry said that the decision comes when ‘the United States has recently sent messages to China through opposing parties’ and urged Washington to show ‘sincerity’ with regard to China, “said Deutsche Bank.
On the business results side, Airbus resumed 5.3% after delivering quarterly results greater than expectations. At the end of the charts, TelPerformance which dropped 7.3%, penalized by fears about its specialized service activity.
On the other side of the Atlantic, the main shares on shares finished the Friday session in the green, like the Dow Jones (+1.39%) and the Nasdaq Composite (+1.51%). The S & P500, a reference barometer for the risk of the risk of fund managers, increased by 1.47% to 5,686 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 Monday, to follow the index of investors in the euro zone at 10:30 am as well as the ISM services at 4:00 p.m.
Key graphics elements
The opening gap, ample on Friday 02 May, showed a first shortness of breath of the catch -up movement initiated on April 08. From now on, the index is under strength of resistance, materialized, among other things by another GAP, downside this one: that of Thursday, April 03, the beginning of the vivid correction linked to the entry into force of prohibitive customs rights.
FORECAST
In view of the key graphic factors that we have mentioned, our opinion is negative on the CAC 40 index in the short term.
This downward scenario is valid as long as the CAC 40 rating index below resistance at 7810.00 points.
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.
