Flatlined CAC 40 stays passive around 7,044

Published: January 26 2023, 05:40 GMT+0

Flatlined CAC 40 stays passive around 7,044

Yesterday at a glance: CAC moves 0.09% to close at 7,044 yesterday.

Uncertainty around CAC 40 is reflected by published market data as new Business Climate Index data from Germany matched market expectations with a reading of 90.2 — a positive step in contrast to previous data of 88.6 from last month. Data from France concerning Jobseekers Total was released yesterday at 11:00 UTC. Newly published figures emphasized continued decline from last month's figure of 2.81 million to 2.82 million this month. Germany Business Expectations improved upon its previous reading of 83.2 with a new data release of 86.4.

While CAC was pretty flat yesterday, mixed performances were seen elsewhere as Hang Seng went up by 1.91% yesterday, and closed at 22,466. KOSPI Composite Index went up by 1.2% yesterday, and closed at 2,457.8. ASX 200 goes down 0.3% yesterday and closed at 7,490.4.

Data to be released today might clear up some of the market fog as Euro Zone ECB President Lagarde speech is expected tomorrow at 10:30 UTC. Spain GDP is expected tomorrow at 08:00 UTC. Germany Buba Balz speech scheduled to come out tomorrow at 17:00 UTC.

The index has been trending positively for about a month. CAC hit a significant low of 15.42 around 4 months ago, but has since recovered 45,623%.