End of rally for CAC 40: After three consecutive up days it closed down 0.21% Wednesday

Published: November 25 2022, 10:10 GMT+0

End of rally for CAC 40: After three consecutive up days it closed down 0.21% Wednesday

Trading is currently halted for Thanksgiving but will resume today. Meanwhile, here is a recap of Wednesday: CAC ended Wednesday at 6,693.52 following from closing Tuesday at 6,707.32. Overall, this represents a loss of 13.8 points or 0.21%.

On the flip side, Germany GDP beat the 0.3 projections, with 0.4. Germany Business Climate Index beat the 85 projections, with 86.3.

Meanwhile, data from Germany concerning GDP was released today at 07:00 UTC. Newly published figures emphasized continued decline from last month's figure of 1.7% to 1.2% this month.

In the meantime, negative performances are also seen in other markets, Hang Seng is down to 17,574, losing 87.32 points, after ending the previous session around 17,661.

Other assets are showing positive performances as Nasdaq climbs 0.99% Wednesday and closed at 11,174. S&P 500 added 0.59% and closed around 4,003.58 Wednesday.

Furthermore, Euro Zone ECB's De Guindos speech set for today at 17:00 UTC. Euro Zone CFTC EUR speculative net positions scheduled to come out today at 19:30 UTC.

The index has been trending positively for about a month. Having set a significant low of 15.42 2 months ago, CAC is trading 43,400% higher.

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