The CAC40 is slipping insensitively, posting a -0.2% fall (or -0.05% loss in 90 minutes) towards 7,370: less than 830MnsE have been traded in the space of 8 hours, and the billion-E mark will be painfully reached at the current rate by 5:30 pm.
The Euro-Stoxx50 is down -0.2%, while the DAX is down from -0.25 to -0.3% (German trade balance worsening, industrial demand down).
The market doesn't seem very 'inspiring', but Kiplink Finance points to a 'perfect' technical and chart configuration, and the Paris index could quickly come back to test its long-term resistance at 7520 points'.

The session will unsurprisingly remain very quiet this Tuesday, as Wall Street is closed today for the national holiday celebrating American independence.

There will be no US stats this Tuesday, but traders remain on a positive note following the latest CPI figures published in Europe and the USA.

Vincent Boy, analyst at IG explains: "Falling inflation and some recently published economic data are keeping markets euphoric, while taking care to avoid advanced economic data and any comments from central bankers indicating that monetary policy tightening is far from over".

Against this backdrop of a market deemed "complex", AllianzGI strategists are taking a cautious approach. The German insurer's asset management arm is advising investors not to overexpose themselves.

"We need to be selective, preferring portfolios that are balanced between styles, avoiding balance sheets that are too indebted, industries that are too energy-intensive, and preferring companies that have demonstrated their ability to show their prices", explains Catherine Garrigues, head of conviction equity strategy at AllianzGI.

The only figure of the day concerned the German trade balance: surpluses contracted to 14 billion euros (from over 16), while 130.5 billion euros worth of goods were exported from Germany in May 2023, and 116.1 billion euros were imported into Germany, according to the Federal Statistical Office (Destatis).
Bunds are up 1.5 basis points at 2.45%, with the same spread for our OATs at 2.993% (3.000% was tested intraday).
No quotes, of course, on US T-Bonds, which tightened +4pts the previous day to 3.855%.


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