CAC 40

Key insight

8,114 is mid-range: 8,000 round-number support below, 8,200 swing-high resistance above — a clean break of either resolves the 6-week consolidation and sets the next 200-point leg.

Holds 8,114 but stalls below the 8,200 August swing high — DAX outperformance (+0.2% vs CAC +0.3%) and EUR/USD flat at 1.1368 keep large-cap exporters rangebound.

Main risk

Oil spike to $92.9 squeezing margins

Oil +1.4% to $92.9 lifts energy input costs for industrials and consumers — CAC heavyweights LVMH and Stellantis face margin pressure at current levels.