EWQ: The CAC 40 Hit New Highs, Staying Bullish On French Stocks (NYSEARCA:EWQ)
21 Articles
21 Articles
The CAC40 reached its highest historical level this Wednesday, August 5. The other stock exchanges on the planet are also in full euphoria. A situation linked to the hope of a reopening of the Strait of Ormuz and the good results of listed companies.
The Paris Stock Exchange's flagship index reached an absolute record on Tuesday morning at 8669.69 points.
The CAC 40, the benchmark index of the Paris Stock Exchange, reached a new intraday high of 8,642.32 points, surpassing its previous all-time high, set at the end of February before the outbreak of the war in the Middle East, by a few hundredths of a point. The benchmark index closed the session up 1.22% at 8,613.82 points, just shy of its closing record. "The easing of energy prices is the catalyst of the day," confirmed Alexandre Baradez, he…
(Berlin=Yonhap News) Correspondent Kim Gye-yeon = The German stock market broke through an all-time high on the 3rd (local time) amid expectations of a de-escalation of armed conflict between the U.S. and Iran.
The Dax reaches the 26,000 mark for the first time. The reasons are the hope for de-escalation in the Middle East, falling oil prices and strong US company numbers. "The markets here live more on hope than on reality," says Robert Greil, chief strategist at Merck Finck at Dietmar Deffner.
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