CAC 40 still holding its breath-check out the futures this morning

The record close in the DAX yesterday did not deliver anything of the kind for the CAC 40. Of course the French stock market index is still more than 1000 points shy of that and it has been that way for some months now, since the outcome of the French election in the summer. That outcome knocked the index for six and it is yet to recover. To remind the reader, the CAC 40 peaked at 8,259 back on May 10. The noted rebound to 7,319 yesterday did not last and the index fell back to 7,228, which was a new low on the session. It did rebound slightly into the close, ending the session 18 points higher, at 7,255. As you surely know, the risk of the current, extremely fragile government collapsing are high right now. It remains to be seen if Barnier and co can survive a no-confidence vote this week. So, right now the CAC is holding its breath and hoping for some good news. The reality might be somewhat different though and that is ensuring the CAC remains at the bottom of pile. The index is just now priced to reopen around 7,250 this morning