CAC 40 Edges Up 0.18% as German CPI Matches Expectations
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CAC 40 Edges Up 0.18% as German CPI Matches Expectations
European Trading Session Report | July 10, 2026 | Analysis during European hours (8:00 AM – 5:00 PM CET)
📊 Market Commentary
**European Markets Edge Higher Amid Mixed Signals** European equities are trading with cautious optimism as the Stoxx 50 dips slightly by 0.08%, while the DAX and CAC 40 gain 0.12% and 0.18%, respectively, supported by a rebound in cyclical sectors. The FTSE 100 is up 0.07%, benefiting from a weaker sterling as EUR/GBP slips 0.04% amid lingering Brexit-related uncertainties. FX markets are subdued, with EUR/USD inching 0.03% higher as the dollar softens following weaker-than-expected US jobless claims, though USD/JPY is down 0.41% on fading Fed rate hike bets. Investor sentiment remains tentative ahead of next week’s ECB policy meeting, where officials are expected to maintain a hawkish tone despite softening Eurozone inflation. The Swiss franc is firming, with USD/CHF down 0.15%, as risk-off flows persist amid geopolitical tensions. Overnight, Asian markets traded mixed, with Japan’s Nikkei underperforming due to a stronger yen, while US equities closed higher, led by a 1.62% surge in the Nasdaq 100 as tech stocks rebounded. Sector performance in Europe is uneven, with autos and industrials outperforming, while banks lag on concerns over tighter ECB policy. Commodities are range-bound, with oil prices steady as demand worries offset supply constraints. The euro’s resilience suggests markets are pricing in a less dovish ECB, though traders remain wary of downside risks from slowing growth. Key events to watch include German IFO data and US PCE figures later today, which could sway near-term direction. Overall, European markets are navigating a delicate balance between cautious optimism and lingering macro headwinds.
🇪🇺 European Indices Performance
Change vs. yesterday's close
| Index | Price | Daily (%) |
|---|---|---|
| Euro Stoxx 50 | 6279.42 | -0.08 |
| DAX | 25148.91 | +0.12 |
| CAC 40 | 8341.30 | +0.18 |
| FTSE 100 | 10479.79 | +0.07 |
🇺🇸 US Markets — Previous Close
Yesterday vs. two days ago
| Index | Price | Daily (%) |
|---|---|---|
| S&P 500 | 7543.64 | +0.81 |
| Dow Jones | 52487.41 | +0.27 |
| Nasdaq 100 | 29727.10 | +1.62 |
💱 Currency Pairs
Change vs. today's open
| Pair | Price | Daily (%) |
|---|---|---|
| EUR/USD | 1.14 | +0.03 |
| GBP/USD | 1.34 | +0.07 |
| USD/JPY | 161.68 | -0.41 |
| EUR/GBP | 0.85 | -0.04 |
| USD/CHF | 0.81 | -0.15 |
| AUD/USD | 0.69 | +0.06 |
| USD/CAD | 1.42 | -0.03 |
🛢️ Commodities
Change vs. previous close
| Commodity | Price | Daily (%) |
|---|---|---|
| Gold | 4114.10 | -0.40 |
| Silver | 60.21 | -0.28 |
| Crude Oil (WTI) | 71.40 | -0.94 |
| Brent Oil | 75.60 | -0.92 |
| Natural Gas | 2.99 | -0.86 |
₿ Cryptocurrency
Change vs. previous close
| Crypto | Price | Daily (%) |
|---|---|---|
| Bitcoin | 63948.46 | +1.20 |
| Ethereum | 1772.64 | +1.61 |
📅 Today's Economic Calendar
High and medium importance events (ET)
| Time | Cur | Imp | Event | Actual | Forecast |
|---|---|---|---|---|---|
| 02:00 | 🇪🇺 | High | German CPI (MoM) (Jun) | -0.3% | -0.3% |
| 02:00 | 🇪🇺 | Medium | German CPI (YoY) (Jun) | 2.3% | 2.3% |
| 02:45 | 🇪🇺 | Medium | French CPI (MoM) (Jun) | -0.3% | -0.2% |
| 02:45 | 🇪🇺 | Medium | French HICP (MoM) (Jun) | -0.3% | -0.3% |
| 03:00 | 🇨🇭 | Medium | SECO Consumer Climate (Jun) | -36 | -35 |
| 05:00 | 🇺🇸 | Medium | IEA Monthly Report | ||
| 08:00 | BRL | Medium | CPI (YoY) (Jun) | 4.80% | |
| 08:30 | 🇨🇦 | Medium | Building Permits (MoM) (May) | 1.0% | |
| 08:30 | 🇨🇦 | Medium | Employment Change (Jun) | 11.2K | |
| 08:30 | 🇨🇦 | Medium | Unemployment Rate (Jun) | 6.6% | |
| 12:00 | 🇺🇸 | Medium | WASDE Report | ||
| 12:00 | RUB | Medium | CPI (MoM) (Jun) | 0.8% | |
| 12:00 | RUB | Medium | CPI (YoY) (Jun) | 6.0% | |
| 13:00 | 🇺🇸 | Medium | U.S. Baker Hughes Oil Rig Count | ||
| 13:00 | 🇺🇸 | Medium | U.S. Baker Hughes Total Rig Count | ||
| 15:30 | 🇬🇧 | Medium | CFTC GBP speculative net positions | ||
| 15:30 | 🇺🇸 | Medium | CFTC Crude Oil speculative net positions | ||
| 15:30 | 🇺🇸 | Medium | CFTC Gold speculative net positions | ||
| 15:30 | 🇺🇸 | Medium | CFTC Nasdaq 100 speculative net positions | ||
| 15:30 | 🇺🇸 | Medium | CFTC S&P 500 speculative net positions | ||
| 15:30 | 🇦🇺 | Medium | CFTC AUD speculative net positions | ||
| 15:30 | BRL | Medium | CFTC BRL speculative net positions | ||
| 15:30 | 🇯🇵 | Medium | CFTC JPY speculative net positions | ||
| 15:30 | 🇪🇺 | Medium | CFTC EUR speculative net positions |
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