Europe reopens in the red- check out the CAC 40 right now

As covered in an earlier update this morning, the CAC 40 was the second best performing major European stock market index yesterday. The CAC won back 1.20%, to close 88 points higher, at 7,426. Earlier in the session it had peaked at 7,452. However, the outlook this morning is not so bright and the index has just this minute reopened below 7,350 and that is close to the previous closing level, 7,338. Perhaps a push below that price point might deliver more downside? We shall shortly see if that plays out. The rebound seen yesterday looks like nothing more than another in a long line of rallies the markets keep taking advantage of, to sell French stocks at more preferable levels. The CAC 40 is currently trading at 7,340