What is a CAC 40 index?

The index also gives a general idea of the direction of the Euronext Paris, the largest stock exchange in France formerly known as the Paris Bourse. The CAC 40 represents a capitalization -weighted measure of the 40 most significant values among the 100 highest market caps on the exchange.

When did the CAC 40 start?

The CAC 40 started with a base value of 1,000 in December 1987 and continued to operate on a total market capitalization system until 2003 when it was changed to a free float-adjusted market capitalization methodology. The CAC 40 is the benchmark equity index for public companies traded on the Euronext Paris.

What companies are on the CAC 40?

Household names on the CAC 40 include L’Oréal, Pernod Ricard and Renault. You can choose to buy the shares of individual companies listed on the CAC 40, or track the performance of the index as a whole. Common ways to track performance include investing in index tracker funds or Exchange Traded Funds (ETFs).

What is a good CAC40 long pivot?

CAC40 Long Pivot: 4280.00 Our preference: long positions above 4280.00 with targets at 4341.00 & 4358.00 in extension. Alternative scenario: below 4280.00 look for further downside with 4257.00 & 4237.00 as targets.