CAC 40: Apple and India in the center of the poster

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Wall Street continued its race to the summits last night, supported by a salvo of solid results and spectacular industrial announcements. The American clues were carried by Apple which earned more than 5% after investment announcements.

Indeed, the American president Donald Trump announced the implementation of customs duties of 100 % on imported semiconductors, with the exception of companies investing on American soil. In the process, Tim Cook confirmed a massive commitment of an additional $ 100 billion in the United States, bringing Apple’s industrial effort to 600 billion in four years. The market welcomed this strategic realignment, offering an instant premium of +5 % to the Apple title.

The White House has also doubled the surcharge aimed at Indian imports (now 50 %), targeting textiles, agricultural and pharmaceutical products. A hostile gesture in response to the resilience of New Delhi in commercial negotiations and its massive Russian oil purchases.

On the monetary front, Trump announced that a temporary replacement for Adriana Kugler would be appointed within two to three days within the Fed, while maintaining the suspense on the final successor of Jerome Powell. Several members of the Central Bank (Daly, Kashkari, Cook) underlined the worrying slowdown in American employment paving the path for two rate drops by the end of 2025.

Investors are selective. The disappointments are heavily sanctioned (Zalando -9 %, Bayer -9.9 %, Beiersdorf -8.4 %, Airbnb -5 %After -closing), while good students are widely rewarded: Arista Networks (+17.5 %), Pyycom Software (+7 %).

In the United States, Arista Networks published a turnover up 30 % to $ 2.2 billion in T2, with a gross margin of 65.6 % and a profit up 38 %. The group notes its annual growth forecast at +25 % and anticipates 10 billion turnover from 2026. The title exploded by more than 17 % following this publication.

Airbnb displays a turnover of $ 3.1 billion (+13 %), a net profit up 16 % to 642 million, and an adjusted Ebitda of 1 billion. The group is launching a new 6 billion action buy -back program.

In Germany, the Dax should take advantage of the publication of the Allianz insurance giant. The group published a net profit up 13 % to 2.84 billion euros in T2, brought by the vigor of damage insurance. The group confirms its annual objectives (operational profit between 15 and 17 billion).

In addition, Siemens has growth of 7 % of its income to 19.8 billion euros and a leap of 29 % of its industrial profit at 3.2 billion. The annual prospects are maintained despite the impact of the exchange.

On the French side, neurons increased by 5.4 % in S1, with a backdrop at 7.8 % under the effect of a degraded environment. The group now targets 850 million euros in annual turnover.

Valneva announces the lifting of the suspension of its IXCHIQ vaccine by the FDA for those over 60, which could support sales in the United States from the second half.

Finally on the macroeconomic level, the Bank of England is expected at 1 p.m. with a probable drop in the key rate of 4.25 % to 4 %. Weekly unemployed registrations in the United States will be published at 2:30 p.m., followed at 4 p.m. for interventions by Fed officials, while the markets assess the probability of monetary easing in September.

Key graphics elements

Technically, the Parisian index remains under pressure as long as it remains blocked under its resistance zone and the lower gap left open last Friday. In the absence of crossing of the 7,700 points up, the bias remains down, with a risk of withdrawal around 7,500 points to be watched closely. This day investors should test the opening of the resistance according to the advanced indicators.

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.

Hourly data graphics

Daily data graphics