CAC mid-session: the market remains calm

After the damage from Standard & Poor's on Friday and fears about Greece on Friday (but confirmation of AAA by Moody's, which therefore confirms the Fitch rating), the market digests the news in the quiet, a decline limited currently to 0.10% for a CAC at 3193 pts. The session, however, been largely in the red this morning, since outside of a small incursion into positive territory at the stroke of 10 o'clock, ACC primarily evolved on both sides of 3185, with a just below the opening of the 3164 pts, to a high of 3207 at 10 am.

Investors remain prudent, pending the opening of American places, and on the eve of an important week for the fate of Greece in particular, continue to fall while the results of companies. From a graphical point of view, the ACC continues its consolidation under the 3250 horizontal points, and wait out a clear upward or downward to consider a more clear-cut trend in the coming days. For this afternoon, we will monitor the 3210 rising, before 3220 that could re-launch the market in the assault of 3250. On the downside, a return under the 3165/3170 should instead send the ACC on 3150, then possibly the area of ​​3120/3130.

Side values ​​of the CAC, the automotive sector is festive, with Michelin and Peugeot in the lead with gains of 2.4% and 2.2%. Renault is it the fourth position, with a gain of 1.8%, overtaken by STMicroelectronics wins 2%. Side folds, Lafarge loses 3%, 2% EDF and BNP Paribas 1.5%, being the overall financial sanction.

Currencies and commodities side, finally, the euro is struggling to bounce on our support area of ​​$ 1.27, on which it is violently income Friday. It appears even slightly below currently yielding 0.2% to $ 1.2675. However, it is clear that in case of breakage that should be considered a continuing downward towards the following objectives (see our final analysis of the euro / dollar). The barrel of crude reached him again a few colors, winning 99.5% to $ 0.45, but remains in a complex configuration as seen this weekend. Finally an ounce of gold continues to decline, yielding 0.8% to $ 1,634.