Market Overview
The CAC 40 cash index slipped 0.04% to close at 8,358.76 points on a volume of €3.05 billion.
Despite the modest dip, the Paris market broke a historic high of 8,378.09 points, topping the previous peak of 8,362.09 reached last week. Early‑session profit‑taking gave way to renewed buying as tensions resurfaced between former President Donald Trump and the Federal Reserve.
Fed Chair Jerome Powell warned that political pressure – notably from Trump’s calls for deeper rate cuts – should not compromise the central bank’s independence. The remarks added to market uncertainty ahead of key US data releases.
Upcoming Economic Calendar
Investors will watch a closely‑watched US inflation indicator tomorrow, followed by the start of the earnings season. The first reports are expected from JPMorgan Chase, with Bank of America, Citigroup and Wells Fargo slated for Wednesday. Goldman Sachs and Morgan Stanley will round out the week on Thursday.
Technical Outlook for the January Future
Resistance levels: 8,425 → 8,474 → 8,519 → 8,571 → 8,663
Support levels: 8,329 → 8,281 → 8,237.5 → 8,210 → 8,172.5 → 8,146 → 8,133 → 8,106 → 8,090 → 8,067 → 8,043
Intraday bias remains bullish above 8,283. The 14‑hour chart shows a slight pull‑back, but the upward trend is intact. A decisive break above Monday’s high of 8,376.5 would confirm a continuation toward the long‑term channel’s upper edge around 8,570‑8,600.
Technical indicators show the MACD histogram flattening and the RSI easing out of overbought territory, while trading volumes stay below the recent average.
If the index falls back beneath 8,329, especially with a breach of the 8,278 long‑term reactivation zone, the current rally could lose steam. A deeper slide through the intermediate support at 8,169 would raise concerns about the broader trend.
Conclusion
Last week’s strong break of a major weekly resistance—unseen since March 2024—reinforces a bullish scenario. Portfolio managers may look to increase exposure to assets with attractive risk‑adjusted returns, while keeping a watchful eye on key alert levels that could trigger defensive moves or hedging strategies.