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Last week updates here noted the potential for the CAC 40 to take on a more positive bias, if it could close above 7,500. Well, it did that in spades on Thursday, when it lifted back above 7,600 and later closed that session at 7,616. Well, on Friday an update here noted the risks of it entirely reversing that and closing back below 7,500 again. Well, in the event it did not do that, as it closed out the week on Friday, at exactly 7,500. You know what? Sometimes, in this job you just cannot write the script folks. So, anyway the CAC 40 was actually the worst performing major European stock market on the day, down by 1.51% on the session. (-1.49% for the DAX and -1.19% for the FTSE 100). Overnight the CAC 40 futures have lifted with the US futures, following what has been a generally positive Asian session, in the absence of the Japanese markets, which are closed again for a public holiday. The CAC 40 is currently priced to reopen around 7,535
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