FxNews—Last Friday, the CAC 40 index experienced a slight decline of 0.2%, closing at 7,523 points. This marked its second consecutive week of losses. Market sentiment was dampened by the introduction of France’s proposed budget for 2025, which aims to reduce the country’s growing deficit through increased taxes on large businesses.
The 4-hour chart below demonstrates the price, support, and resistance levels, and technical indicators utilized in today’s analysis of the CAC 40 index.
Anticipation for Economic Stimulus in China
Investors are also keeping a close eye on upcoming developments from China. There’s a notable buzz around the press conference scheduled by China’s finance ministry this Saturday. Market participants are hopeful for announcements regarding economic stimulus measures, potentially boosting market confidence.
Stellantis Stock Down 1.4% as CEO Tavares Plans Exit
On the corporate scene, Thales’s stock value dropped by 2.6%. This fall came after Berenberg shifted its recommendation for Thales from “buy” to “hold,” signaling a change in market perception of the company.
Additionally, Stellantis NV observed a decline of about 1.4% in its shares following major updates from its management, including the upcoming retirement of CEO Carlos Tavares at the end of his current term in early 2026.
Despite the overall downward trend, some companies managed to buck the trend. Teleperformance and Accor each saw gains in their share prices, increasing by 1.3% and 1.1%, respectively.