CAC 40 is the weak man of Europe so far today

Glance across at the European stock markets and look at the vista across the pond, as the US markets reopen and once again you will see a stark directional difference. This divergence is not new and was pointed out to you as soon as it became clear Trump had won the White House last week. Well, as far as today is concerned there seems no let up on the rotation that has characterised European stock market trading for most of the past few days. Right now it is the CAC 40 that is faring the worst of the European majors and a close tonight below a technical level, at 7,325 might not rest too well. The index has traded below this level today and it is below it right now too, currently near session lows, around 7,305