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Indices Updates by Solid ECN
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[QUOTE="Solid ECN, post: 208493, member: 83167"] [JUSTIFY][img]https://i.ibb.co/VvpyCQ1/cac-forum-2.png[/img] One of the leading indexes of the European economy, CAC 40, is correcting, trading at the level of 6288.0. The French stock market is falling on the back of a recovery of positive dynamics in the bond market, and even positive reports of large components are not able to reverse the negative trend. The day before, a large energy company Engie SA published its financial results. The company's Q1 2022 revenue rose sharply to 25.6 billion euros, well above the forecast of 14.28 billion euros. Earnings per share increased to 0.62 euros from 0.3995 euros a quarter earlier. In turn, the report of one of the largest European stock exchanges Euronext NV showed an increase in the company's income to 395.7 million euros, which exceeded 370.1 million euros a quarter earlier. At the same time, earnings per share were worse than expected and amounted to 1.35 euros against the expected 1.45 euros. The French bond market is again showing positive dynamics. Popular 10-year bonds have returned to growth and are trading at a rate of 1.518%, while conservative 20-year treasury bonds have reached a yield of 1.855%, which is slightly behind the peak values at the beginning of the month at 1.945%. [img]https://i.ibb.co/1KhmYnm/cac.png[/img] The index quotes are traded within the global downtrend, continuing to fall along the resistance line. Technical indicators are holding a local sell signal: the range of EMA fluctuations on the Alligator indicator is still wide enough and the AO oscillator histogram, trading in the sales area, is forming ascending bars. Support levels: 6065, 5750 | Resistance levels: 6530, 6800[/JUSTIFY] [/QUOTE]
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