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CAC falls 0.63%

FXStreet (Mumbai) - The French equity markets are down in the red in line with the other European stock markets. Moreover, the equity markets are feeling the weight of the hawkish Fed policy statement released yesterday.

The Cac fell-off the day’s high of 4150.5 levels, to trade 0.53% lower at 4088.80 levels. The index breadth is negative with an advance decline ratio of 11:29. Among the index stocks, Societe Generale is trading lower by 2.19%, while Veolia is down 2.21%. Meanwhile, the Alcatel-Lucent stock has gained 10.35% today after the company narrowed its loss in the third-quarter. Other gainers for the day includes Renault, Gemalto, Technip, which have gained more than 2% each.

Cac Technical levels

The index has an immediate resistance at 4109 (Aug. 8 low), above which the prices can rise to 4150 levels. On the other hand, support is seen around 4080 levels, below which the prices can fall to 4047 levels.

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