CAC 40: break in the rise

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The markets displayed divergent trajectories on Wednesday, Wall Street evolving in a contrasting manner while Europe recorded a widespread progression. In New York, the performance of the Dow Jones was supported by the rebound marked with certain defensive values like United, while the Nasdaq remained almost stable. In Europe, the main clues closed in positive territory, the CAC 40 approaching its recent summits thanks to the support of several major capitalizations.

Investors remain focused on American monetary dynamics. Inflation data published on Tuesday confirmed consumer prices stabilization, strengthening anticipations of a drop in guiding rates in September. The secretary of the Treasury, Scott Bessent, pleaded for a cumulative reduction of 150 to 175 base points, with a first stage of 50 points at the next Fed meeting. His remarks, deemed more measured and credible than the statements of the American president, are now considered a reference by the financial markets. This day the operators will take note of weekly unemployed registrations as well as production prices at 2:30 p.m. French time.

International news adds a geopolitical dimension to this expectation. Donald Trump must meet Vladimir Putin on Friday to discuss the conflict in Ukraine, an interview that should not lead to a formal peace agreement but whose signals will be scrutinized by the operators. At the same time, the 90-day extension of the Sino-American commercial truce attenuates, in the short term, fears of customs tensions.

On the business side, Cisco presented robust prospects for 2026, tabling on turnover between 59 and 60 billion dollars, including 1 billion linked to AI next year. IA infrastructure orders in the fourth quarter reached $ 800 million, up 200 million over three months.

Paramount had a stock market flight after sealing an agreement of $ 7.7 billion over seven years with TKO Group to broadcast UFC in the United States from 2026, marking the end of the Pay-Per-View model for the benefit of a streaming distribution.

In Europe, Essilorluxottica has signed the best performance of the CAC 40, carried by a sustained buyer flow. Valneva continued its ascent, winning almost 19 % after the publication of solid half -yearly results and the confirmation of its objectives for 2025.

In Frankfurt, hellofresh gave up land after lowering his annual forecasts, invoking unfavorable exchange effects and a slowdown in cooked dishes, despite the extension of its share buy -back program to 175 million euros.

RWE published an EBITDA adjusted to decrease more than 26 % in the first half, penalized by unfavorable wind conditions and a limited trading activity, while confirming its annual and medium term objectives.

In the Netherlands, Adyen posted a growth of 20 % of its revenues in the first half, but lower than expectations, which led to a downward adjustment of its prospects for the year.

Key graphics elements

Technically, the Parisian index continues its progression to the high terminal of its range, but the buying pressure fade when approaching resistance. The folds towards the 20 -day mobile average will be monitored to initiate or strengthen long positions, in the wake of the short -term rebound.

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 7941.00 points would revive the tension to the purchase. While a break in the 7682.00 points would relaunch the selling pressure.

Hourly data graphics

Daily data graphics