Paris’s main index ended the session on the upside after a cautious morning that was tempered by geopolitical tension surrounding the U.S. operation in Venezuela and the arrest of President Nicolás Maduro. Investors were steadied by France’s preliminary inflation figures, which came in at an annualised 0.8% for December – slightly below the 0.9% forecast.
The luxury segment provided the biggest lift. Hermès rose 1.37% to 2,142 points, L’Oréal gained 1.49% to 368.70, and Kering advanced 3.46% to 315.55. STMicroelectronics posted the strongest performance of the CAC 40, jumping 5.33% to 25,015 after Microchip raised its quarterly targets. In contrast, Saint‑Gobain slipped 2.28% to 83.30.
January Futures – Key Levels
Resistance: 8,157.5 – 8,177.5 – 8,193 – 8,218 – 8,285.5 – 8,329.5 – 8,408.5
Support: 8,143 – 8,117 – 8,055.5 – 7,991 – 7,926.5 – 7,910.5 – 7,897 – 7,859 – 7,830 – 7,765
Intraday bias stays bullish as long as the index trades above the 8,190‑point mark.
Technical Snapshot
Three consecutive closes above the upper bound of the previous trading range signal that the CAC 40 has broken free and now enjoys a short‑ to medium‑term upward orientation. The index has already cleared the intermediate barrier at 8,177.5 points. A sustained rally would require buyers to re‑ignite, pushing the price past 8,218 and then 8,285.5 points. A confirmed close above the latter for three straight sessions could open the path toward the upper channel edge, targeting roughly 8,408.5 points.
If the market falls back into the 8,177.5‑8,055.5 zone, the technical setup would weaken, potentially steering the index toward the old range midpoint around 8,106 points. A break below this level would heighten selling pressure and could drive the price toward the 8,055.5 support, then toward 7,991 and possibly the long‑term lower channel near 7,950 points.
On the indicator front, the index stays above its 20‑, 50‑ and 200‑day moving averages. MACD histograms are rising above the signal line, the RSI hints at slight over‑buying, and volumes are lower than the previous session.
Strategic Takeaway
Given the positive weekly close, we locked in gains on selected holdings in the Investisseur and Dynamique portfolios, including positions in VanEck Rare Earths and The Navigator Company. At the same time, we added selective stock‑picking exposure, notably Ferrari, to reinforce the portfolios. In a resilient market environment, a measured increase in exposure to mid‑term attractive stocks remains a viable approach.
