OctaFX | OctaFX Forex Broker
Open trading account

CAC retakes 4000, Arcelor Mittal rises 3.2%

FXStreet (Mumbai) - The French equity index is trading above the psychological level of 4000 today, supported by the sharp gains in the Steel, Leisure goods and the Industrial Transportation stocks.

The Cac is trading 1.42% higher at 4047.80, with the advance decline ratio of 38:2. Arcelor Mittal, the world’s leading integrated steel and mining company, is trading 3.1% higher today. Meanwhile, Valeo and Societe Generale have gained 2.6% each.

The Cac has inched higher today in line with its European peers, although it would be interesting to see if the index managed to finish the day above 4000 levels.

Cac Technical levels

The index has breached the immediate resistance of 4040 on the hourly charts, which has opened doors for a re-test of 4100 levels. On the flip side, prices may fall to 3960 levels if the index fails to sustain above 4040 levels.

United Kingdom 10-y Bond Auction fell from previous 2.57% to 2.15%

Read more Previous

RBA's Lowe urges government to stimulate investment

RBA Deputy Governor Philip Lowe said today at a conference in Sydeny on Tuesday that current low global interest rates can create new risks if they linger in a poor investment climate.
Read more Next
Start livechat