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On the occasion of a private trip to Scotland, Donald Trump, who lived in a family home, met Ursula van der Leyen, the head of the American executive, and a trade agreement between Brussels and Washington will have been signed. It provides customs from customs to the tune of 15%, with notable exemptions, in aeronautics and spirits in particular, and non -less notable counterparts: 638 billion euros of purchase reserved for energy, and 510 billion euros of investment.
Half less, therefore, than the 30% brandished at the start by the White House. But basically, wouldn’t the American president have won his trade war? This is the feeling that prevails if we coldly look at the initial commercial situation, and the bases of the new agreement.
In the statistical chapter on Friday, the operators learned of a slight increase, although infection of expectations, of the IFO index of the business climate in Germany. In addition to Atlantic, orders for lasting goods were published up 0.2% (twice the consensus) in monthly rhythm, excluding automotive.
On the values side, the news was particularly rich on Friday, with many quarterly publications. Strong increase in CAC 40, Carrefour took 5.5% after announcing a return to growth in France in the second quarter as well as the sale of its activities in Italy. LVMH climbed 3.9%, investors relativizing the degradation of the activity its fashion and leather goods division in the second quarter and enjoying efforts on costs. Kering (+4.4%) and Hermès (+1.6%) also increased. Red lantern of the Parisian star index, Michelin lost 3.4% after delivering an operational result of the sectors below the expectations in the first half.
Excluding CAC 40, Nexity jumped 13.5%, the property developer having brought his operating profit to the first half of his semester. Rémy Cointreau increased by 8.1% after delivering a better activity than expected in the first quarter. Valeo, on the other hand, fell 5.4%, punished for having delivered a half -yearly activity below expectations and lowered its annual turnover objective due to negative exchange effects.
On the other side of the Atlantic, in shy volatility, the main share clues continued their ascent, like the Dow Jones (+0.47%) and the Nasdaq Composite (+0.24%). The S & P500, a reference barometer of appetite for the risk in the eyes of fund managers, gained 0.46% at 6,388 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 $ 1,1750. The barrel of WTI, one of the barometers of appetite for the risk on the financial markets, was exchanged around $ 65.40. 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 14.90 at the last fence of the S&P500.
At the macroeconomic agenda on Monday, no sharp statistical benchmark is to be reported. See you tomorrow with new job offers (Jolts) and the American consumer confidence index within the meaning of the Conference Board.
Key graphics elements
The release of the technical camisole is confirmed, coming to give more meaning to the supporting of the mobile average at 20 days (in dark blue).
The buying position on the spot can be kept as long as the oscillations are built between this trend curve and the high bollingger strips (20; 2.5).
The relative force index (RSI) is in full convergence with the courses.
The index has just validated a phase of sweater (graphic rejection).
A tidy (lateral channel) with an amplitude of 400 points is sketching, between 7,500 and 7,900 points. It is this resistance to 7,900 points that is currently tested. A test for the moment in the form of failure.
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 7900.00 points would revive the tension to the purchase. While a break in the 7700.00 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.
