Risk-on mood pushes CAC 40 1.24% higher

Published: May 27 2023, 00:40 GMT+0

Risk-on mood pushes CAC 40 1.24% higher

A quick look at yesterday: CAC increases 1.24% to close at 7,319.18 yesterday.

Meanwhile, Euro Zone CFTC EUR speculative net positions released yesterday at 20:30 UTC with a figure of 173,700, while the previous figure was 187,100. France Jobseekers Total released yesterday 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.

Other markets are also showing gains as Nasdaq went up by 2.19% yesterday, and closed at 12,976. Notably, S&P 500 rose 1.3% yesterday and closed at 4,151.28.

At the same time, after ending yesterday'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 40 has recovered 46,782% since descending to a significant low of 15.42 around 8 months ago.