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CAC 40

Bullish

Archived analysis from Aug 3, 2026, 8:23 PM

CAC 40 is trading at its highest level since late February 2026, driven by a geopolitical de-escalation catalyst (Trump-Iran talks resuming) and broad earnings beats — the index must now decisively hold above 8,591 to confirm the breakout and target the 2024 all-time high zone near 8,850.

The CAC 40 has broken above its late-February high near 8,591, now trading at 8,625.60 — a multi-month breakout supported by easing US-Iran geopolitical tensions and a strong corporate earnings season led by Airbus, Schneider Electric, and luxury names.

Main Risk

ECB September Rate Hike Expectations

Markets still widely price a September ECB rate hike despite some scaling back of bets; a hawkish ECB surprise could compress CAC 40 valuations, particularly in rate-sensitive sectors, and threaten the 8,591 breakout support.

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