CAC 40

Key insight

8,100 acting as pivot — break below opens 7,980 (50-day MA); clear close above 8,200 needed to revive momentum toward 2026 highs near 8,480.

Holds 8,100 round number but stalls below 8,200 resistance; flat -0.12% drift reflects cross-market indecision with S&P 500 -0.4% and DAX -0.2% offering no directional lead.

Main risk

Oil spike to $93 — energy cost shock

Oil +1.4% to $93.3 squeezes French consumer and industrial margins; CAC energy importers face margin compression if sustained above $90.