Indices: French CAC40 (FCHI) Has Decreased By 10% Over Last 3 Months! Spanish IBEX35 (IBEX) Has Performed Better “Only” -2% Gain
Mikołaj Marcinowski 12.04.2022 21:39
Yes, everybody follows French election. Not only it’s important for the certain companies, but also for whole indices. One of the most popular – CAC40 performs well recently, but taking 3M chart into consideration…
Geopolitics is in charge surely, tensions between Ukraine and Russia transformed into a warfare and finally, into a Russia vs. the rest of world influencing many countries’ economics. In France it’s combined with ongoing election where the two candidates Emanuel Macron and Marine LePen who represent two different visions of France in the future and its correlations with the European Union.
Related article: ECB To Shock Markets In The Following Week!? US Dollar Rate Under Pressure As Well!
What is the future of CAC40? CAC40 Chart
As we see 10% loss isn’t that bad as the vision of ca. 20% loss could have been.
IBEX35 has performed quite well despite all the factors.
The worst moment of the IBEX35 was the beginning of March. March 7th didn’t bring any positive information on negotiations and crude oil price hit the highest price since 2008. French and Spanish hitting their 3 month lows is not a big surprise then. At that time IBEX35 has been almost 16% below-the-line.
CAC40 Daily – Arcelor Mittal (MT), Louis Vuitton (LVMH) and Thales (TCFP) leading the top gainers chart
According to Investing.com Arcelor Mital (MT) gained the most over last day of trading. The mining company increased 2.27%. Brand known by more probably – Louis Vuitton (LVMH) – went up by 1.77%. The last of top 3 companies today is Thales (TCFP). This multisector company gained 1.67%.
Analysis: Gold prices (XAUUSD) increase inlight of the U.S. announcing their new inflation rate - Chart Of The Day By FXMAG.COM
IBEX35 Daily – Repsol (REP), Telefonica (TEF) and Arcelor Mittal (MTS)
Repsol – energy company performed really well today gaining 3.36%. Communication company Telefonica is also 3% higher. Arcelor Mittal which dominated the list of CAC40 gainers impressed analytics in Spain as well increasing by 2.32%
Source and Data: NPR, Investing.com, TradingView.com
Charts: Courtesy of TradingView.com