CAC 40

Key insight

8,131 sits between key support at the 50-day MA near 7,980 and resistance at the 2026 swing high at 8,254 — a break either side sets the next 200+ point leg. EUR/USD 1.1540 and oil $99 are the live swing factors.

Holds 8,131 with +0.2% gain, matching DAX — but EUR/USD at 1.1540 weighs on CAC's export-heavy components and oil at $99 lifts energy while compressing margins elsewhere.

Main risk

Oil at $99 — margin squeeze risk

Oil +1.2% to $99.1 compresses margins for Air France-KLM, chemicals, and industrials — CAC's largest non-luxury weight clusters.