Lethargic CAC fails to breach tight 7,000 – 7,071 range

Published: January 26 2023, 00:01 GMT+0

Lethargic CAC fails to breach tight 7,000 – 7,071 range

A quick look at yesterday: CAC moves 0.09% to close at 7,044 yesterday.

This uncertain state for CAC 40 is reflected by published market data as Germany Business Climate Index matched projections, with new data release of 90.2. 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 came out at 86.4, better than analyst estimates of 85 and improving upon the previous reading of 83.2.

While CAC 40 was pretty flat yesterday, mixed performances were seen elsewhere as KOSPI Composite Index added 1.39% and closed around 2,395.26 yesterday. Hang Seng is trading around 22,045 after ending yesterday's session at 21,651 (up 1.82% today). ASX 200 is down to 7,468.3, losing 22.1 points, after ending the previous session around 7,490.4.

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%.