CAC 40 Continues to Strengthen (INDEXEURO: PX1)

One of the leading indices of the European economy, CAC 40 (INDEXEURO: PX1), continues to moderately strengthen against the background of the publication of the ECB’s monetary policy report. The US stock market is closed today.

The CAC 40 Index is a benchmark French stock market index. CAC depicts a capitalization-weighted measure of the 40 most meaningful stocks among the 100 biggest market caps on the Euronext Paris. CAC 40 is one of the primary national indices of the EURO stock exchange group Euronext alongside Brussels‘ BEL20Lisbon‘s PSI-20 and Amsterdam‘s AEX

The positive rhetoric of the regulator supported the instrument. The forecast for real GDP growth by the end of the year is expected to reach 1.3% against the current value of 0.8%. HICP annual inflation fell to 1.2%, and a further decrease due to low energy prices is expected in the coming months. 

Market indicators of long-term inflation expectations fell to a new record low, while the five-year forward swap rate in the EU associated with inflation was five years ahead of it by 0.92% on March 10, 2020. At the end of the report, the ECB announced the next LTRO III support program for 120 billion euros.

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Among the components of the index, the growth leaders are Sodexo SA (+12.90%), Safran (+6.16%), BNP Paribas (+5.38%), Engie (+4.92%). Among the declining companies are Carrefour (–3.20%), Michelin (–0.98%).

Here is a list of all the stocks in the CAC 40:

Company Industry Symbol
Accor hotels AC.PA
Air Liquide commodity chemicals AI.PA
Airbus aerospace AIR.PA
ArcelorMittal steel MT.AS
Atos IT services ATO.PA
AXA full line insurance CS.PA
BNP Paribas banks BNP.PA
Bouygues heavy construction EN.PA
Capgemini IT services CAP.PA
Carrefour food retailers and wholesalers CA.PA
Crédit Agricole banks ACA.PA
Danone food products BN.PA
Dassault Systèmes software DSY.PA
Engie gas and electric utility ENGI.PA
Essilor medical supplies EL.PA
Hermès clothing and accessories RMS.PA
Kering retail business KER.PA
L’Oréal personal products OR.PA
Legrand electrical components and equipment LR.PA
LVMH clothing and accessories MC.PA
Michelin tires ML.PA
Orange telecommunications ORA.PA
Pernod Ricard distillers and vintners RI.PA
PSA automobiles UG.PA
Publicis media agencies PUB.PA
Renault automobiles RNO.PA
Safran aerospace and defence SAF.PA
Saint-Gobain building materials and fixtures SGO.PA
Sanofi pharmaceuticals SAN.PA
Schneider Electric electrical components and equipment SU.PA
Société Générale banks GLE.PA
Sodexo food services and facilities management SW.PA
STMicroelectronics Semiconductors STM.PA
TechnipFMC Oil and Gas services FTI
Thales defense HO.PA
Total integrated oil and gas FP.PA
Unibail-Rodamco-Westfield real estate investment trusts URW.AS
Veolia water, waste, transport, energy VIE.PA
Vinci heavy construction DG.PA
Vivendi broadcasting and entertainment VIV.PA

 

abs-adviso-reportr

Support and resistance

CAC 40continues corrective growth within the local Triangle pattern. For almost the entire week, the index trades near the pattern’ resistance line but cannot break it. Both technical indicators are in positive territory, and further growth is only a matter of time.

Resistance levels: 4600.0, 5100.0.

Support levels: 4300.0, 3970.0.

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