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Europe off to an underwhelming start- check out the CAC 40 now
The European stock markets have been opening for around 10 minutes now and it has been a rather underwhelming start to the new week. The FTSE 100 is performing best of all in early trading, perhaps helped by the GBP/USD drifting lower? The DAX did open higher, but it is right now falling back towards where it closed on Friday, at 18,720. It is a similar story for the CAC 40 too and the French market seems to be once again feeding off the continued failure of France to form an effective government. So, whilst the close on Friday, at exactly 7,500 was rather ambiguous from a technical perspective, the index has now fallen back through that level in early trading and defied the earlier modestly higher pricing in the CAC futures ahead of the opening. The CAC 40 is right now trading around 7,480 as trhe latest French PMI data looms any minute
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