CAC-40: Break Out Traget 10.000Quote: "France has the world's 7th largest economy by 2017 nominal figures and the 10th largest economy by PPP figures. It has the 2nd largest economy in the European Union after Germany.
The chemical industry is a key sector for France, helping to develop other manufacturing activities and contributing to economic growth. France's tourism industry is a major component of the economy, as France is the most visited destination in the world. Sophia Antipolis is the major technology hub for the economy of France. Paris is ranked as the most elegant city in the world, which propels the agglomeration of the fashion industry. According to the IMF, in 2013, France was the world's 20th country by GDP per capita with $44,099 per inhabitant. In 2013, France was listed on the United Nations's Human Development Index with 0.884 (very high human development) and 25th on the Corruption Perceptions Index. The OECD is headquartered in Paris, the nation's financial capital.
France's economy entered the recession of the late 2000s later and appeared to leave it earlier than most affected economies, only enduring four-quarters of contraction. However, France experienced stagnant growth between 2012 and 2014, with the economy expanding by 0% in 2012, 0.8% in 2013 and 0.2% in 2014, though growth picked up in 2015 with a growth of 0.8% and a growth of 1.1% for 2016, to a growth of 1.9% for 2017 and to later reach 2.1% for 2018, a level of growth last reached in 2011 (2.1%)". Source: en.wikipedia.org
Europes Economy is improving since 2012 even the underlying fundamentals are not perfect. The longterm CAC-40 chart is reflecting a 17 year long consolidation pattern. The upper decade long resistline is broken now to the upside and retested.
The weekly chartpattern is showing strong momentum to the upside. The break to higher stockmarket prices could occur now at any time.
Target for the CAC-40 is at 10.000 until 2022. This is matching the DAX Target of 20 -25 k until 2021/2022.
