French stocks were up around 1% on Monday, rebounding from big losses in the previous week, as concerns over volatile retail trading receded. Meanwhile, the coronavirus vaccination rollout in Europe continues to worry investors as it has been slower than expected while tensions between the EU and AstraZeneca over vaccine supplies rose. In France, President Macron did not impose a 3rd national lockdown, against expectations and the advice of senior scientific advisers. On the data front, the IHS Markit Manufacturing PMI for France was revised higher to 51.6 from 51.5, the strongest reading since July.
Historically, the France CAC 40 Stock Market Index reached an all time high of 6944.77 in September of 2000. France CAC 40 Stock Market Index - data, forecasts, historical chart - was last updated on February of 2021.
The France CAC 40 Stock Market Index is expected to trade at 5280.97 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 4941.36 in 12 months time.