Paris market holds steady as investors pause
The CAC 40 cash index ended the session up 0.27% at 8,152.82 points, with a turnover of €3.77 bn. The French market moved cautiously, with participants waiting for the Federal Reserve’s policy announcement and the upcoming earnings of major U.S. technology firms.
Despite ongoing trade tensions, Asian markets displayed notable resilience. South Korea’s Kospi jumped 2.7% after President Donald Trump hinted at possible tariff hikes on Korean automobiles, lumber and pharmaceuticals ranging from 15% to 25%. Investors appeared to discount the impact, keeping focus on two key events.
- Federal Reserve decision (Wednesday): The consensus points to a status‑quo stance, marking the first monetary policy call of the year.
- U.S. earnings season: Over 90 S&P 500 companies are slated to report this week, including several AI‑driven tech giants.
February CAC 40 futures – technical snapshot
Resistance levels: 8,188.5 – 8,216 – 8,246 – 8,310.5 – 8,469.5 – 8,672 – 8,896 – 9,188 – 8,374.
Support levels: 8,150 – 8,116 – 8,089.5 – 8,046 – 7,995 – 7,917 – 7,867.5 – 7,817.5 – 7,770 – 7,606.5 – 7,548.
Intraday, the market is bullish above 8,246 points.
On the chart, the February future is trading inside a consolidation range bounded by roughly 8,174 – 8,139 points. A close above the upper band would signal a breakout, targeting the next technical goal around 8,209 points. If the rally continues, filling the gap left on 19 January at 8,252.5 points would confirm the upward move and could push the price toward 8,470 points, with a longer‑term ceiling near 8,520.
Conversely, a close below 8,139 points would trigger a pullback toward the intermediate pivot support at 8,116 points, followed by a range low around 8,103. Breaking that level could drive the market down to the lower channel boundary near 7,995 points. As long as the upward‑sloping trend line holds, the medium‑term bias remains bullish; a breach would reopen selling pressure toward the 7,606.5 – 7,548 support zone. A decisive break of the triple‑top neckline at 7,134.5 points would likely launch a sharp decline.
We remain vigilant for a clearer directional move that could strengthen dynamic and investor portfolios, while also watching for signs that might warrant trimming exposure or adding protective hedges.
