As covered in some detail over the past 24 hours, the CAC 40 was surely saved from an ignominious close yesterday by the record gains seen across the border in the DAX. At the same time, it is pretty clear there was a flight to Germany out of France based on the prospect of yet more political turmoil in the French parliament. So, amazingly the CAC 40 ended the session exactly unchanged (to the pip) yesterday, at 7,236.89- you do not see that very often. The outlook this morning is not very certain either and perhaps once again it will be the DAX that rides to the rescue? Of course should the Barnier government survive a no confidence vote it will be a different matter, but not so, if it does not. There seems little reason to take a gamble on that outcome and that surely explains the slide in the EUR/JPY yesterday too. So, when live trading resumes shortly we shall see, if the flight to more preferable markets resumes again today. The CAC is currently priced to reopen around 7,215