The CAC 40 cash index closed down 0.25%, finishing the session at 8,086.05 points with a turnover of €3.52 bn.
The Paris market moved cautiously today, mirroring a lack of clear direction on Wall Street. Without a fresh catalyst, investors are sitting on the sidelines.
European data sent mixed signals. In Germany, the Ifo business‑climate index slipped slightly in December, while Euro‑area inflation was revised to 2.1% year‑on‑year for November, with core inflation steady at 2.4%. Those figures reinforce expectations that the European Central Bank will keep rates on hold at its upcoming meeting and likely beyond.
Across the Atlantic, attention remains on the United States. Market participants are still trying to gauge the timing of any potential Fed rate cuts after mixed employment and retail‑sales reports. The Federal Reserve, however, is projecting only a single rate reduction next year, and some officials, such as Atlanta Fed President Raphael Bostic, are pushing back against early easing.
December CAC 40 Futures Outlook
Key resistance levels: 8,140 – 8,174 – 8,206 – 8,273.5 – 8,492 – 8,864 – 9,364.
Key support levels: 8,082.5 – 8,055.5 – 8,013 – 7,957 – 7,925.5 – 7,901 – 7,860.5 – 7,829.5 – 7,778 – 7,733.5 – 7,696 – 7,644 – 7,619 – 7,590 – 7,548 – 7,422 – 7,375 – 7,251.5 – 7,048.
Intraday, the market stayed bullish above the 8,134 mark. Technically, the Future CAC 40 is consolidating within a range of 8,032‑8,140 points. The price action shows a mild upward bias but lacks strong momentum to break out decisively.
On the indicator side, the MACD histogram is broadly neutral with a slight tilt toward the downside, while the RSI hovers in a neutral zone. Volume has edged up modestly, yet it doesn’t signal a surge in trader conviction.
If the index falls back below the 8,086 median of the range, the current upside could weaken. A break of the 8,032 threshold, followed by a close under the December 11 low of 8,004.5, would likely push the market toward the medium‑term alert zone around 7,957 points. That support area could trigger a technical bounce; failing that, the correction may deepen toward the next major supports at 7,696 and then 7,644 points.
Our portfolio strategy continues to favor selective stock‑picking with a modest bullish bias as the year draws to a close, supported by ample market liquidity. We remain vigilant on macro‑economic developments, especially U.S. monetary‑policy expectations and Euro‑zone inflation trends. Positions will be held as long as the key technical levels stay intact, with adjustments reserved for clear technical breaches or significant shifts in the macro backdrop.