FRA40 or CAC 40 is a benchmark of the French economy represented by 40 corporations in 35 diverse economic sectors. The pharmaceuticals and banking sectors have the biggest shares in the index. To track its pricing it’s important to remember that the official currency of France is the euro, which makes it subject to the decisions of the European Central Bank. This also works in the opposite direction: France makes up about 20% of the European economy impacting the EUR rate, and FRA40 represents the French economy.
Spreads and conditions
- 10 Contracts