PARIS (Reuters) – The main European stock markets are on a downward trend on Wednesday morning after six out of seven sessions in the green for the Stoxx 600, the indices marking a pause as the financial publications of companies continue with disappointments in particular in the technology compartment and awaiting inflation figures in the euro zone.

In Paris, the CAC 40 lost 0.09% to 7,526.75 points around 07:40 GMT after a record in session the day before at 7,559.35 points. In London, the FTSE 100 fell 0.23% and in Frankfurt, the Dax dropped 0.3%.

The EuroStoxx 50 index fell by 0.33%, the FTSEurofirst 300 by 0.16% and the Stoxx 600 by 0.3%.

Futures contracts on Wall Street also point to a drop, of 0.25% for the Dow Jones, 0.4% for the Standard & Poor’s 500 and 0.61% for the Nasdaq in the aftermath of a tooth session. of saw marked by the disappointing results of Goldman Sachs and Johnson & Johnson.

In the publications of the day in Europe, the specialist in cloud computing services OVHcloud fell by 10.08% after the downward revision of its forecast for turnover and Ebitda margin for this year.

The new technologies compartment (-1.44%) on the Stoxx 600 shows one of the strongest sectoral declines with ASML which fell by 2.8% against a backdrop of slowing demand which obscures its solid results.

On the upside, Heineken took 2.9% despite the sharper than expected decline in its beer sales in the first quarter. The Dutch brewer, however, maintained its profit forecast for the full year.

In other corporate news, Worldline is ahead by 5.30% and Crédit Agricole by 0.33%, the two groups having announced that they are in exclusive negotiations to create a major player in payment services in France.

On the macroeconomic side, consumer price inflation in Britain slowed less than expected in March, to 10.1% year on year, making the UK the country in Western Europe. showing the highest inflation.

Final euro zone inflation data for March is due at 09:00 GMT and the Reuters consensus forecasts a slowdown to 6.9% year on year.

Goldman Sachs on Tuesday raised its peak forecast for the European Central Bank’s deposit rate to 3.75% from 3.5% previously, citing ebbing fears about banks and officials’ generally “hawkish” comments. of the ECB.

In the United States, where investors are scrutinizing the latest comments from Fed officials before the silence period linked to the May 2-3 meeting, the central bank’s Beige Book due at 18:00 GMT and which serves as a working basis monetary policy committee (FOMC), will be particularly watched.

(Written by Claude Chendjou, edited by Blandine Hénault)

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