CAC 40 Finishes Higher
The French benchmark rose 0.80% to finish the session at 8,150.64 points, with an average turnover of €3.9 bn.
Paris’ market rallied after the European Central Bank confirmed expectations by keeping policy rates steady for the fourth meeting in a row. The deposit facility stays at 2.00%, the main refinancing rate at 2.15% and the marginal lending facility at 2.40%.
New macro‑projections from the Eurosystem show inflation easing to 2.1% on average in 2025, then 1.9% in 2026, 1.8% in 2027 and back to 2% in 2028. Growth forecasts have been nudged upward, with GDP expected to reach 1.4% in 2025, 1.2% in 2026, 1.4% in 2027 and to hold around 1.4% in 2028.
On the equity side, the automotive sector remains under pressure after the EU Commission softened its 2035 electric‑vehicle target from 100% to 90%. Renault, for instance, slipped 1.95% to €35.69.
Future December – Key Levels
Resistance zones: 8,055.5 → 8,112.5 → 8,143 → 8,218 → 8,286.5 → 8,318 → 8,408.5
Support zones: 7,989 → 7,926 → 7,910.5 → 7,859 → 7,830.5 → 7,753.5 → 7,694.5 → 7,643 → 7,614.5 → 7,594.5
Intraday sentiment stays bullish above the 8,115‑point mark.
Technical Outlook
The December future (data as of 14:00) remains in a constructive medium‑term shape, trading above the critical 8,055.5‑point threshold. A close above the upper bound of the current trading range (8,158 points) would be the first positive signal. Sustained buying pressure and a break of the major resistances at 8,218 and then 8,286.5 would reinforce the uptrend.
If the index manages to stay above 8,286.5 for three consecutive sessions, it could test the top of the channel around 8,360 points. A durable breach of that level would further cement the bullish bias.
Conversely, a close below 8,055.5 would weaken the short‑term upside and could trigger a pull‑back toward the 7,926.5 area, with a potential swing back to the lower channel base near 7,811 points. As long as the 8,055.5 support holds, the long‑term upward structure stays intact. A break of this key floor would intensify selling pressure and may drive the index toward the former median of the range at 7,765.5 points, a zone that saw consolidation from May to October 2025. A deeper correction could push prices into the 7,694.5‑7,614.5 corridor, or even down to 7,594.5 points.
On the indicator side, the index trades below its 20‑, 50‑ and 200‑day moving averages. The MACD histogram has turned positive and sits above its signal line, while the RSI is neutral. Trading volume has risen compared with the previous session.
Conclusion
We look for a decisive close above the 8,158‑point upper range to confirm a strengthening bullish exposure, whether through individual stocks or derivative products. In the meantime, a selective stock‑picking approach remains prudent, with a watchful eye on market developments and readiness to adjust positions if the trend shows signs of weakening.