After a historic session on Wednesday for the CAC40, European markets are showing renewed caution today, particularly due to mixed corporate earnings reports.
On Wednesday, the Paris Stock Exchange once again reached new historic highs, closing at a new record of 8,429.03 points thanks to the momentum of banking and defense stocks.
However, the trend is no longer the same on Thursday, with most European markets opening in the red. In Paris, the CAC 40 opened down 0.34%, the DAX in Frankfurt fell 0.39% and the FTSE 100 in London lost 0.28%. This widespread decline also affected the main regional indices, such as the EuroStoxx 50, which lost 0.35%, and the Stoxx 600, which fell 0.12%. This movement reflects investor hesitation in the face of a flood of corporate results and heightened geopolitical tensions between the United States and Iran.
Airbus down, Air France up sharply
Despite this decline at the start of trading, some technical analysts believe that the Paris index remains in a solid upward trend, suggesting potential acceleration if market conditions improve. The trend will also evolve depending on upcoming corporate earnings reports.
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Read also > [STOCK MARKET UPDATE] CAC 40 hits record high thanks to corporate earnings
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