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CAC 40 turns lower again after US reopening
As suspected and conveyed in the penultimate update, the Dow Jones did lead the US gains on the opening and rose just above 39,650, but it is tracking lower again just now. At the same time all the major European stocks indexes are now lower. The DAX earlier reached 18,639, but that is close to 18,500 now. The CAC 40 rallied to a high at 7,746 seems to have blown out now too. The index is now dropping towards 7,650 and currently back in the red again. It remains to be seen, if it can launch another upside run, or perhaps more likely close the day lower. It is still in the balance, but right now the CAC bears are seemingly back in control.
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