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CAC 40 extends opening losses to below 7,450
The DAX and the CAC are still in the red this morning after both opened lower this morning. That is not a great start to the new month and it has come amid a number of disappointing earnings results and losses across the banking sector in particular. That is especially so in the case of the CAC. The DAX is getting hit on motoring stock losses as well. The index has now fallen below the 18,400 handle and towards 18,350 as this update is typed. The CAC is once again approaching that quite important 7,450 level, which is worth noting here too. In fact, the CAC has dropped to below that level right now.
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