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CAC 40 fades opening rally
As expected here, the opening rally in the CAC 40 has not taken very long to blow out and now the index is falling back underneath the 7,500 handle again. The low seen yesterday was set at 7,484 and the index has just now fallen pretty close to that prior daily low. It has not busted below it just yet, but if it does then it might extend further on the downside. The drop back in the CAC from around 7,530 after the opening this morning has also dented the opening gains for the FTSE 100 and the DAX,
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