A very disappointing end to the month for the CAC 40

Yesterday all the major European stock markets fell back into the month-end. The CAC 40 was by some margin the worst performing index, falling nay 2%, compared to a 1.01% for the FTSE 100 and a 0.76% decline for the DAX. The CAC was beset by a slide in the auto sector and to a lesser degree in the luxury sector and of course a month-end bail out of longs was surely at play too. It also seems; the rebound in the Chinese stock markets has yet to convince the beleaguered French luxury sector, that is so important to the direction for the index. The CAC 40 closed out the month at 7,635, with a loss of 156 points on the session. The CAC futures have not made any progress yet today either and right now the index looks like it is facing a rather uncertain start to the new month