CAC 40: The Parisian index remains well oriented

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The CAC 40 ended on Friday up on Friday 0.44 % to 7,743 points, carried by the good performance of the banking sector, Crédit Agricole signing one of the best performance. In the health sector, Novo Nordisk has further gained ground after the publication of a study highlighting a lower efficiency of the competitor treatment of Eli Lilly, strengthening the position of its injectable Wegovy on the anti-obsity treatment market.

Conversely, in Germany, Munich RE heavily dropped after having lowered his 2025 income forecasts for reinsurance and the whole group, invoking the evolution of certain activities and the unfavorable exchange effects.

In the United States, the clues ended up the week up, the Nasdaq 100 registering a new record at +0.95 %, supported by technology. Apple continued to grow after the announcement of a massive investment of $ 100 billion in its American production capacities, which can avoid new taxes. NVIDIA and AMD will benefit from an export agreement to China with the payment of part of their income to the United States government, in order to obtain licenses for their IA chips. This news has overshadowed economic fears, while several Fed officials decide for monetary easing in September.

This day operators will notably monitor the Icade title which announced the sale to BNPP Reim of a portfolio of 23 real estate assets located in Italy for 173 million euros, including healthcare establishments and senior residences, in order to reimburse a shareholder loan and refocus on its key activities.

Vinci will also be followed while the French group is concerned by a final settlement with ACS, linked to the sale in 2021 of the Cobra subsidiary, specializing in renewable infrastructure and energies. The agreement fixes the final amount of the price supplement to 380 million euros for the renewable projects developed by Cobra, ending contractual disputes between the two groups.

ØRSTED has unveiled a capital increase of 60 billion Danish crowns, fully guaranteed, intended to finance 8.1 GW of offshore wind projects by 2027 and to improve its financial flexibility, after having given up a partial sale of Sunrise Wind.

In Asia, the Tokyo Stock Exchange is closed for mountain day. The region’s clues have evolved slightly in green after stabilization of inflation to consumption in China ending a deflationary period. CATL, a world leader in batteries, has suspended the production of a lithium mine representing 3 % of the world supply for at least three months, weighing on the sector’s prospects and the entire supply chain for electric vehicles.

Key graphics elements

Technically, the index has partially filled its GAP and tested its high terminal, marked by a wick coming up on the low -lower -lower mobile average at 20 periods. These two technical resistances have, for the moment, caused a decline in the courses. The objective of the day for buyers is to reconquer these two levels at the end, in order to give themselves access to the top of the range located at 7,900 points. The trend remains favorable to buyers, folds constituting opportunities as long as the support of the 7,682 points remains preserved

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 index rating above the support at 7682.00 points.

Hourly data graphics

Daily data graphics