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CAC 40 futures price an opening heading towards 7k
The falls in the Nikkei 225 and slide in the US equity futures are leading to a very ugly opening here in Europe soon. The CAC 40 is leading the losses across the major European equity futures and that is driving the prospect of the index opening close to 7,000 this morning. The index closed at 7,251 on Friday and that was its lowest interim close since the index peaked earlier this year at 8,259. The risks of the index joining the Nikkei in sliding into a bear market would appear live. The entry point for that would be at 6,607, which would define a 20% fall from that record high, at 8,259. That is not to say it will get there, but right now it could seem very unwise to rule it out. The CAC 40 is currently priced to reopen at around 7,065
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