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Spotlight on the CAC 40 this morning
On Friday the CAC 40 was marginally the worst performing major European stock market, but we are talking about slight losses here. The CAC closed 0.15% lower, compared to a 0.14% loss for the FTSE 100 and 0.10% for the DAX. None of these index futures are exactly rebounding right now this morning and it looks like a rather uncertain opening a little later on. The French PMI data (8.15am GMT) noted in the previous update, when looking at the EUR/USD, could be important for the price action when live trade does resume. Also the French ratings downgrade from Moodys probably has not helped, but in truth the markets rarely pay much attention to that these days. At the same time, it is perhaps more symbolic of the woes facing the French economy than it is anything else. So, the CAC closed just 11 points lower on Friday, at 7,409. It is currently priced to reopen around 7,385
Market News
All News-
Gold takes another hit
Just as the US stock markets were about to reopen Gold was pushing a little higher and heading back towards $3,040. Well, that move did not last long... -
Nasdaq 100 opens in the red
The US stock markets have just reopened and that opening has seen losses across all three major indexes. Of course that was always going to be the... -
US stock futures turn lower again- S+P 500 falls to indicate an opening close to 5,600
The US equity markets will soon reopen and it is not looking like a very positive start to the final session of the week. The Nasdaq 100 is now priced...
