Investing.com – Slightly green start to the week on Monday morning, after a slightly bullish balance sheet last week, itself following 2 weeks of sharp decline.
However, at the current price of 7650 points, the CAC 40 still shows a decline of 7.3% compared to the May 10 record of 8259 points.
Note also that the rise in the CAC 40 and other European indices should remain limited by a desire for caution while awaiting crucial data from the American PCE index, which will be revealed on Friday.
Lower-than-expected data could fuel Fed rate cut expectations and boost global indexes, including the CAC 40.
Regarding individual CAC 40 stocks, we note that Stellantis NV (EPA:), Pernod Ricard SA (EPA:) et Dry SA (EPA:) stand out with increases of more than 1%, while on the downside, Eurofins Scientific SE (EPA:) stands out, collapsing by more than 15%, following the announces that Muddy Waters is shortening the action.
This famous short seller opined that Eurofins is a “company of quirks and contradictions” that “used an overly complex corporate structure optimized for malfeasance.”
Finally, from a graphical point of view, the threshold of 7600 points is the first potential support for the CAC 40, while the zone of 7700 points is resistance.
