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CAC 40 rebound set to continue?

Yesterday the French stock market managed to forge out a higher close. The index closed 75 points higher, at 7,864. There is little doubt here; that higher close was helped by moves that surrounded it and not necessarily on its own merits. That said, the CAC  futures are not much changed so far this morning and currently pricing a reopening not too far away from where the index closed yesterday. Perhaps the acid test for the CAC today, will be if it can sustain and extend the rebound seen yesterday. We know why the index took a hit since last weekend and why it had been leading European markets lower until yesterday and that risk has not yet disappeared. So, it will be interesting to see how the CAC 40 reacts shortly, when live trading resumes 
 

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