The French CAC 40 index has updated its historical maximum

According to Wednesday's trading data, the French CAC 40 index reached a record 7,365.49 points despite weak statistics on the eurozone and the absence of special positive factors. 

The rest of the European indices are also growing: the British FTSE 100 index rose to 7,527.28 points, the German DAX – to 16,285.35 points. 

Despite the growth, investors remain cautious due to the still uncertain situation with the coronavirus and negative macro statistics. In particular, according to the final data, the composite index of business activity (PMI) of the eurozone and the PMI of services turned out to be lower than preliminary estimates in December. The PMI in industry fell to 53.3 points from 55.4 points in November. Analysts expected the indicator to be at the level of a preliminary estimate of 53.4 points.

The index of business activity in the eurozone services sector decreased in December to 53.1 points from 55.9 points in November. Analysts also expected an indicator at the level of a preliminary estimate – 53.3 points.

If we consider individual countries, then in Germany the PMI indices were below 50 points (49.9 points against 52.2 points in November), which indicates a decline in economic activity. But in France, the indicators are still above the critical level (55.8 points), which contributed to the achievement of the French stock exchange record.