FTSE 100, CAC 40 and MIB 40 Forecast – European Markets Showing Hesitation in Larger Uptrend

FXEmpire | February 10, 2026 at 03:04 PM UTC

Bullish 80% Confidence Majority Agreement

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Key Points

FTSE 100 weakness attributed to BP tumbling over 4% after pausing buybacks, partially offset by Barclays rallying on a 13% annual profit jump and 12-year high bonus pool
CAC 40's luxury sector rebounded with Kering surging over 8%, lifting LVMH and Hermès, though facing resistance at the 8,400 psychological level
MIB 40 gained support from STMicroelectronics advancing on AI partnerships and cooling European bond yields, with technical support at 46,000 and the 50-day EMA near 44,900

AI Summary

Market Summary: European Indices Show Hesitation Amid Mixed Corporate News

Date: February 10, 2026

Key Market Developments

European equity markets displayed cautious trading Tuesday as major indices struggled to maintain upward momentum despite remaining in broader uptrends.

Index Performance & Technical Levels

FTSE 100: Pulled back from recent gains, with the 10,000 level serving as key floor support. The index faces resistance at 10,500, with additional support at 10,250. Analysts view this as a "buy on the dip" opportunity.

CAC 40: Struggling near the 8,400 psychological resistance level, though showing resilience supported by luxury sector recovery.

MIB 40: Trading above 46,000 support, with the 50-day EMA providing additional support near 44,900. Considered attractive for dip-buying opportunities.

Company Highlights

Underperformers:

BP (British Petroleum): Tumbled over 4% after pausing operations (specific details not provided)

Outperformers:

Barclays: Rallied on a 13% annual profit increase and bonus pool expansion to 12-year highs
Kering: Surged 8%, lifting luxury peers LVMH and Hermès
STMicroelectronics: Advanced on AI partnership benefits

Market Implications

The mixed performance reflects sector rotation rather than broad market weakness. Financial and luxury sectors provided support, offsetting energy sector weakness. Cooling European bond yields enhanced Italian market attractiveness. Overall, analysts maintain a constructive outlook with a focus on tactical buying opportunities during pullbacks across all three major European indices.

Model Analysis Breakdown

Model	Sentiment	Confidence
GPT-5-mini	Bullish	82%
Reasoning: The piece frames current weakness as a consolidation within a larger uptrend and explicitly recommends 'buy the dip' for several European indices while highlighting sector-specific rallies (luxury names, STMicro) that support upside, making the overall tone mildly bullish.
Claude 4.5 Haiku	Neutral	78%
Reasoning: European markets show mixed signals with consolidation and hesitation despite an overall uptrend. Positive factors (Barclays +13%, Kering +8%, STMicroelectronics gains) are offset by negatives (BP -4%, FTSE -0.48%), resulting in a balanced market lacking clear directional momentum.
Gemini 2.5 Flash	Bullish	80%
Reasoning: Despite the headline's mention of 'hesitation' and early pullbacks, the article consistently concludes with a 'buy on the dip' recommendation for FTSE 100 and MIB 40, and describes the CAC 40 as a 'risk-on type of proposition' due to strong sector performance. The underlying assumption is that the 'larger uptrend' will continue after a brief consolidation.
Consensus	Bullish	80%

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Article Details

News ID: 3520625
Source: FXEmpire
Analyzed: 14 days ago

Sentiment Confidence

Average Confidence 80%

High confidence in sentiment