PARIS (Reuters) – The main European stock markets fell at the start of the session on Monday but the variations remained limited before a new burst of corporate results and economic indicators this week.
In Paris, the CAC 40 lost 0.24% to 7,558.94 points around 07:40 GMT. In London, the FTSE 100 lost 0.18% and in Frankfurt, the Dax fell 0.12%.
The EuroStoxx 50 index is down 0.23%, the FTSEurofirst 300 0.08% and the Stoxx 600 0.02%.
The week that begins will be driven in particular by the results of the mega-caps of the American high-tech sector, with those of Microsoft and Alphabet on Tuesday, then Meta on Wednesday and Amazon on Thursday.
The macroeconomic agenda for the coming days is also loaded with, among other things, the first estimate of growth in the United States in the first quarter, which according to the Reuters consensus should have slowed to 2.0% after +2.6%.
Investors will also learn on Friday of the monthly figures for household spending and income, which includes the PCE price index, closely followed by the Federal Reserve.
Red lantern of the CAC 40, Vivendi yields 2%. The group announced a growth in turnover deemed “a little weak” by Jefferies and Credit Suisse as well as a promise to purchase Editis by International Media Invest, a subsidiary of the CMI holding company founded by the man of businessman Daniel Kretinsky.
Casino climbed 3.55% after announcing that Daniel Kretinsky offered to implement a capital increase of 1.1 billion euros which could lead to a takeover of the distributor.
Orpea fell 13.91% after rejecting the request by a group of minority shareholders to organize a general meeting.
Biggest rise in the Stoxx 600, Philips jumped 12.54% after the publication of quarterly results that exceeded expectations.
(Laetitia Volga, edited by Blandine Hénault)
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