{"id":129806,"date":"2018-07-10T09:55:44","date_gmt":"2018-07-10T13:55:44","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=129806"},"modified":"2018-07-10T06:22:08","modified_gmt":"2018-07-10T10:22:08","slug":"fr40-french-stocks-analysis-preparing-for-publication-of-economic-data","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/07\/fr40-french-stocks-analysis-preparing-for-publication-of-economic-data\/","title":{"rendered":"FR40: French Stocks Analysis – Preparing for publication of economic data"},"content":{"rendered":"
July 10, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

Preparing for the publication of economic data<\/strong><\/p>\n

The data on French industrial production for May will be published on Tuesday, July 10. Preliminary forecasts are positive. Will\u00a0FR40 stock index prices<\/a> increase?<\/p><\/blockquote>\n

Amid trade wars between the US and China, as well as disagreements over the terms of Brexit, stocks of French companies may be in demand by investors. Let us note that their semi-annual earnings reports will be published at the end of the next week. Currently, the CAC 40 index (FR40) is trading with the capitalization\/earnings ratio (P\/E) equal to 16.6. This is less than the US S&P 500 index equal to 22, but more than the German DAX and the British FTSE 100. Their P\/E is now 13.<\/p>\n

\"FR40\"<\/p>\n

On the daily timeframe, FR40: D1<\/b> remains in the falling channel, but is correcting up. A number of technical analysis indicators formed buy signals. The index exceeded the 200-day moving average line. The further price increase is possible in case of the publication of good economic and corporate news in France.<\/p>\n