Risk-on mood pushes CAC 1.24% higher

Published: May 26 2023, 22:35 GMT+0

Risk-on mood pushes CAC 1.24% higher

Today at a glance: CAC improves 1.24% to close at 7,319.18 today.

On the flip side, highly important GDP data from Germany beat analyst expectations of -0.1 with a reading of -0.3.

At the same time, Euro Zone CFTC EUR speculative net positions released today at 20:30 UTC with a figure of 173,700, while the previous figure was 187,100. France Jobseekers Total released today at 10:00 UTC is better than expected at 2.80 million but down from preceding data of 2.79 million according to new data.

CAC 40 shows positive signs, other assets are also on par: Nasdaq added 2.19% and closed around 12,700 today. S&P 500 is trading around 4,205.45 after ending today's session at 4,151.28 (up 1.3% today).

Meanwhile, after ending today's session at 19,100, Hang Seng lost 353.08 points and is trading around 18,747.

The index has been trending lower for about a month. CAC has recovered 46,782% since descending to a significant low of 15.42 around 8 months ago.