CAC 40 forms a double-top as lvmh, hermes, kering stocks rallies.

The CAC 40 index has pulled back in the past few days as some investors start taking profits after a successful year-to-date rally. It retreated to a low of pound 7,300, which was a few points below this month's high of pound 7,395. The CAC 40 index has been in a bullish trend this year, making it one of the top-performing indices globally. It has jumped by ~12 percent this year, meaning that it has outperformed its key American counterparts like the Dow Jones and the Nasdaq 100. The index has jumped because of the overall view that the European economy...