ArcelorMittal Shares Soar Nearly 9%, Leading the CAC 40
The Luxembourg-based steelmaker marks a spectacular rise in mid-morning and takes a solo lead in the Parisian index. This movement sharply contrasts with a generally declining CAC 40, where only a few cyclical stocks manage to perform well.
A Jump of Nearly 9% Puts the Stock Above All Its Moving Averages
ArcelorMittal's stock gains 8.92% to €56.68 in mid-morning trading, up from €52.04 the previous day. The stock leads the CAC 40, which is down 0.18%. This session erases the consolidation observed over the month, as the monthly decline is now limited to 10%, while the annual performance reaches 105%.
This surge brings the price above all its moving averages: the MM20 (€55.95) and the MM50 (€54.97) have fallen below the price, with respective gaps of 1.30% and 3.11%, while the MM200 (€44.87) remains well behind, more than 26% below the price. The RSI at 49 moves out of a neutral phase without yet tipping into a tension zone. The next identified threshold is the resistance at €62.14, where the stock had previously stalled in early June as recalled by the session on June 12.
An Isolated Rebound in a Bearish CAC 40 Amidst American Slowdown
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The session unfolds in a contrasting index environment. The CAC 40 falls to 8,459 points and the SBF 120 is down 0.10%, while the DAX is up 2.33% and the FTSE 100 increases by 1.59%. The VIX eases to 15.99, down 3.62%, indicating contained volatility despite the turbulent day for European cyclical stocks. The macro backdrop is marked by the American employment report for June, released today: only 57,000 non-farm payroll jobs added, versus a consensus of around 110,000, and an unemployment rate down to 4.2% due to a contraction in the labor force.
This slowdown in the job market has led to a weaker dollar and lowered expectations for monetary tightening, an environment traditionally favorable to export-oriented industrial stocks. On the Chinese side, the latest indicators remain mixed, with a manufacturing PMI at 50.3 in April and industrial production up 5.7% year-on-year in March. The next technical marker remains the resistance at €62.14, about 10% from the current price.
Nous restons confiants dans les perspectives d'ArcelorMittal pour le reste de l'année.
Résultats du 1er trimestre démontrant une résilience avec des marges améliorées.
Risks mentioned
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La dépense d'impôts sur le revenu pour le 1T 2026 était de 136 M$.
L'augmentation de la dette nette à 9,3 milliards $ pourrait affecter la perception des investisseurs.
Pressions sur le coût des matières premières en raison de l'inflation.
Opportunities identified
L'augmentation de la production d'acier brut à 13,3 Mt en 1T 2026.
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The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
