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Last week for the CAC was the scene of a major technical event, that of crossing 8,000 symbolic points. The tricolor flagship index will have been encouraged by the prospects for declining Fed rates, which themselves supported by figures confirming the deterioration of American employment health. In particular, the investigation of the Private Adp, which showed a clear destruction of the number of positions in September. Note that investors were deprived of the publication of the NFP (Non Farm Payrolls) report on Friday, due to the Shutdown. The United States has indeed entered the period of public services paralysis, for lack of agreement in the Senate on the budget.
In the statistical chapter, the operators act of the publication of the PMI indices in the euro zone. In September, the composite index, an overall measure of private sector activity, established 51.2 in final data, a higher 16 months. An index greater than 50 indicates an expansion of the activity.
On the values ​​side, Bureau Veritas won almost 1%, supported by a note from Bank of America, which advises buying the action of the test, inspections and certifications group, stressing that it offers the best growth prospects of its sector.
Legrand resumed 0.5% after announcing an acquisition at nearly a billion euros to strengthen in data centers in the United States.
On the other side of the Atlantic, the main shares on shares finished the Friday session in dispersed order, like the Dow Jones (+0.51%) and the Nasdaq Composite (-0.28%). The S & P500, a reference barometer of appetite for the risk in the eyes of fund managers, ended the Friday session on an almost perfect equilibrium note at 6,715 points.
A point on 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 $ 1,1720.
> The barrel of WTI, one of the barometers of appetite for the risk on the financial markets, was exchanged around $ 61.80.
> THE Treasuries 10 years, yield of federal sovereign bonds due to 10 years, were negotiated slightly above 4.15%.
> As for the Vix, it was worth 16.65 at the last fence of the S&P500.
At the macroeconomic agenda this Monday: no major meeting to report.
Key graphics elements
On Gap Haussier ample, the CAC 40 index crossed Thursday 02 October the symbolic threshold of the 8,000 points, causing significant energy release after several months of lateralization in canal. It is a rupture gap (Breakaway Gap).
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 8260.00 points would revive the tension to the purchase. While a break in the 74940.00 points would relaunch the selling pressure.
The News Bulletin 247 Council
Hourly data graphics
Daily data graphics
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