PARIS (Reuters) – The main European stock markets are up at the start of the session on Monday on the eve of the publication of inflation in the United States, which could change expectations on interest rates.
In Paris, the CAC 40 gained 0.45% to 7,161.71 points around 08:30 GMT. In London, the FTSE 100 takes 0.27% and in Frankfurt, the Dax advances by 0.2%.
The EuroStoxx 50 index is up 0.39%, the FTSEurofirst 300 0.26% and the Stoxx 600 0.26%.
The short-term direction of the markets could be determined by the release of consumer price data and retail sales data in the United States in January, which will be released on Tuesday and Wednesday respectively.
For the first time in three months, the CPI price index may have accelerated its rise, according to the Reuters consensus, a change in trend likely to confirm the Federal Reserve’s rhetoric on continued monetary policy tightening.
The yield on 10-year US Treasuries is stable at 3.7454%, holding close to the highest level in five weeks reached on Friday on the prospect of the prolonged continuation of the Fed’s restrictive policy.
At stocks, Airbus gains 1% after reports that Air India has sealed a historic order from the European aircraft maker and Boeing for more than $100 billion at list price. Thales advances by 1.14%.
Orpea climbed 25.24% after announcing organic growth in its annual turnover of 5.5% and indicating that the risk of lack of liquidity had now been pushed back to the end of the second quarter.
(Laetitia Volga, edited by Blandine Hénault)
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