European stocks reverse early downside-check out the CAC 40

As covered here earlier today, the CAC was by some margin the best performing major European stock market index. It is safe to say this index sure has some catching-up to do and it seems there is a sense of growing optimism, that the current political impasse will be resolved. The index closed yesterday at 7,445. The index reopened this morning at 7,451, but it did edge lower in early trading. The index dropped back to around 7,417, as the FTSE 100 slipped below 8,200 and the DAX headed back towards 20,150. However, both those indexes are on the rebound now and that has also helped the CAC 40 to push close to 7,475 just now. The fact that non-seasonally adjusted annualised French CPI data did not rise (remained at 1.3%) has helped too. However, we do have some important EU data due a little later, at 10am GMT (November unemployment and December HICP report) which might add or detract from the current push higher