Muted session leaves CAC 40 anchored around 7,044

Published: January 26 2023, 06:30 GMT+0

Muted session leaves CAC 40 anchored around 7,044

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

CAC 40's state is reflected by market data as Germany Business Climate Index matched projections, with new data release of 90.2. Data for France Jobseekers Total released yesterday at 11:00 UTC is better than expected with 2.82 million, but worse than previous figure of 2.81 million. 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 increases 1.53% yesterday and closed at 2,428.57. Hang Seng rises 2.05% yesterday and closed at 22,045. ASX 200 lost 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 is scheduled for 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%.