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CAC 40 edges back from earlier session high
The European stock markets have been open for just over 30 minutes now and it has been a rather mixed early session. The FTSE 100 is seemingly struggling for traction due to the higher GBP/USD and the DAX has so far rejected a move back above 20k. Meantime, the CAC 40 is the best performing major index after being the worst on Friday. The index closed on Friday at 7,282. It reopened today at 7,313 and has risen to a session high so far at 7,338. However, it is backing away now and that seems to come as the DAX slips a bit further right now. The dynamics that led the CAC 40 lower on Friday have not changed and so it could be a case of operators taking advantage of the early rally to sell again. We shall see how this plays out this morning. The CAC 40 is currently trading at 7,310
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