The CAC 40 fell again under the weight of fears linked to the Fed and Omicron

© Reuters. – The closed lower again amid uncertainty in markets over the pace of monetary policy tightening and the likelihood of key rate hikes, particularly in the U.S. after Jerome’s comments Powell.

Investors also remain cautious about the continued growth in the number of covid cases as the omicron variant spreads at high speed in all regions of the world.

Economic data

In China, the trade balance improved significantly, exceeding forecasts, and this given the significant slowdown in imports, which recorded a weaker than expected increase.

In the United Kingdom, the figures surprised with an improvement in manufacturing production and above all stronger GDP growth which exceeded that of the previous period.

In the United States, on the other hand, the figures were rather disappointing with retail sales down sharply for the month of December while estimates were counting on a slight improvement.

CAC 40 shares

CAC 40 shares were largely in the red. Worldline AG (PA:) recorded the worst performance with a drop of 3.95%, followed by Kering SA (PA:) -2.97% and Schneider Electric SE (PA:) -2.79%.

On the up side, Thales (PA:) comes first with +2.44%, followed by Sanofi SA (PA:) +1.91% and TotalEnergies SE (PA:) +1.50%.

Technical analysis of the CAC 40

From a graphical point of view, the break of the CAC 40 below the threshold of 7200 points constitutes a bearish signal. In this context, we will keep in mind that the next potential supports are located at 7100 and 7000 points. On the upside, 7200 points becomes an immediate resistance, before 7300 points, then the historical record of 7385 points.

Finally, note that the technical summary for the CAC 40 shows a “Strong sell” signal in hourly data, and a “Neutral” signal in daily data.

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