CAC 40: Hopes for the economy, Elon Musk sets Bitcoin on fire

CAC 40: Hopes for the economy, Elon Musk sets Bitcoin on fire

Published on 09/02/2021 at 8:28 am

Updated on 09/02/2021 at 8:50 am

The CAC 40 regains its breath, while Wall Street, for its part, closed on new records, supported by hope linked to the fiscal stimulus. Meanwhile, Bitcoin reached an all-time high overnight and is heading towards $50,000 thanks to Elon Musk’s infatuation with cryptomoney. In this context, the ineffectiveness of AstraZeneca’s vaccine against the South African variant is put into perspective. In Paris, Total reported a net loss for 2020, but maintained its dividend level.

« Everything is going well in the markets, the same catalysts have been pushing the indices towards new records for the past two weeks. The highly respected Treasury Secretary Janet Yellen praised the plan’s relentless benefits and its effectiveness in boosting the US economy. This speech undoubtedly allowed some congressmen who were initially opposed to the plan to reconsider their positions. The markets have appreciated, coupled with continued good corporate earnings and the virus cases that are coming off the books, » said Saxo Bank.

>> Read also – Money, Amazon, nuclear… 10 Saxo Bank shock forecasts for 2021

Technical analysis of the CAC 40

Technical analysis of the CAC 40

From the point of view of graphic analysis, the DayByDay design office observes a doji, a candle with almost no body, with high and low wicks. Volumes, at 3.3 billion, are average: they reflect a state of equilibrium between buyers and sellers close to the 5,722-point peak. The movement is beginning to be tense: consolidation is still possible in the direction of the support at 5,554 points before the momentum resumes.

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Values to be followed today

Values to be followed today

Innate announced two new advances in the clinical development of its proprietary, first-in-class investigational product, lacutamab. Lacutamab is an anti-KIR3DL2 antibody in development in T-cell lymphomas. These advances relate to the progression of the cohort of patients with KIR3DL2-expressing mycosis fungoides (cohort 2) to stage 2 in the Tellomak study, as well as the initiation of a clinical program in peripheral T-cell lymphomas.

>> Read also – Which investment invested in 1979 would have made you the richest today?

Vetoquinol announced the acquisition of the Canadian rights to the Profender product line from Elanco Animal Health. It also acquired Elanco Animal Health’s intellectual property, registrations and other rights for the Canadian market. This purchase has been cleared by the Canadian Competition Bureau. Profender is a de-worming medication for cats, available as a spot-on application.

Yesterday in Paris

Yesterday in Paris

The European stock exchanges started the week on the right foot, buoyed by investors’ hopes for a $1.9 trillion stimulus package in the United States and the acceleration of vaccination campaigns. These factors pushed disappointing statistics in Germany and the euro zone into the background. On the securities side, the session was animated by merger and acquisition deals, whether for Veolia-Suez or Dialog-Renesas. At the sound of the bell, the CAC 40 gained 0.47% to 5,686.03 points and the EuroStoxx 50, up 0.48% to 3,673.27 points.

Yesterday on Wall Street

Yesterday on Wall Street

The U.S. markets extended their rally after ending their best week since last November. Investor optimism is fueled by the prospect of Joe Biden’s massive stimulus package. On Sunday, Treasury Secretary Janet Yellen said the U.S. could return to full employment by 2022 – two to three years ahead of schedule thanks to the plan. On the stock side, Tesla made headlines with its $1.5 billion investment in Bitcoin. The Dow Jones gained 0.76% to 31,385.76 pts. The Nasdaq rose 0.95% to 13,988 pts.

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CAC 40: Hopes for the economy, Elon Musk sets Bitcoin on fire
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