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The CAC 40 (-0.69% on Monday) is expected to increase on Tuesday, in response to the announcement by Donald Trump of a “in force” ceasefire between Israel and Iran. Ceasefire denied by Tehran who nevertheless undertakes to stop his strikes if such Aviv puts an end to his “attack”. The dynamics of future contracts augur an opening, at a time when we write these lines, up more than 1.50%. The gross reflected from nearly $ 10 to $ 65 for a Texan reference barrel. Relief for the global economy.
As a reminder this weekend, targeted strikes were ordered by the White House on Iranian nuclear sites. Surgical by their precision, but massive by their power, these strikes targeted in particular the Fordo site, at the heart of the nuclear issues of the mullahs regime. This uranium enrichment site, built nearly 100 meters underground in a mountainous region, was particularly difficult to reach.
President Donald Trump said that “monumental” damage had been inflicted on these sites.
“Tehran acts his defeat, but ensures the survival of his regime” [des mollahs]analyzed Pierre Haski, in a geopolitical editorial this morning on France Inter.
Yesterday in a statistical chapter, the operators were able to read the first estimates of activity barometers (PMI) for services and industry in the euro zone. No notable surprise on the scale of the entire monetary union, the results proving to be very close to the consensus. Note a pleasant surprise on the side of The component of the German services, emerged at 49.4or a level close to the 50 points bar which as a reminder constitutes by construction a separation between contraction (below) and an expansion (above).
On the values ​​side, Edenred and Teleperformance earn more than 1% at the fence. Air Liquide, on the other hand, fell by 2.3%, weighed down by a degradation of Bank of America who went to “underperformance” on the title. On the smallest values, Carmat collapsed by 47.50% after the designer of the artificial heart Aeson announced that he would be in cessation of payments at the end of the month except to find in urgency 3.5 million euros. On the other hand Pierre and Vacance continued its ascent, in very thick volumes for the file, winning 7.77%.
On the other side of the Atlantic, the hope of the imminence of a decrease in federal rates supported Wall Street, the main indices of which ended the session on Monday in sharp rise, like the Dow Jones (+0.89%) and the Nasdaq Composite (+0.94%). The S & P500, a reference barometer of appetite for the risk in the eyes of fund managers, won 0.96%, returning the symbolic threshold of the 6,000 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 $ 1,1490. The barrel of WTI, one of the barometers of appetite for the risk on the financial markets, was exchanged around $ 75.30. THE Treasuries 10 Yearsyield of federal sovereign bonds due to 10 years, was negotiated slightly above 4.39%. As for the Vix, it was worth 20.62 at the last fence of the S&P500.
At the macroeconomic agenda on Tuesday, to follow the American consumer confidence index at 4:00 p.m.
Key graphics elements
The gradual cap under the 7,900 points has suddenly turned into intense volatility. In one session Friday, May 23, the Parisian flagship index broke the Dynamics of the spring rally by breaking the mobile average at 20 days (in dark blue), the difference compared to the mobile average at 50 days (in orange) has taken up strongly.
The 7,900 points are reinforced in their status of graphic resistance, even though the dynamics of the relative force index invite caution. Indeed the RSI (Relative Strenght Index) Adopt a persistent lowering bias since May 13. The tricolor flagship index is now in a glaring situation of incapacity for creations of new heights.
First alert Thursday, June 12 with a metal gap in session. Second the next day with a new gap, filled in the session too. The short -term configuration is gradually weakened.
On the coming session level, however, a strong buying reaction is expected.
FORECAST
In view of the key graphic factors that we 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 rating index above the support at 7512.00 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.
