PARIS (Reuters) – Europe’s major stock markets traded in scattered order in early trading on Tuesday after a long weekend, ahead of interest rate decisions from the U.S. Federal Reserve and European Central Bank later. during the week.

In Paris, the CAC 40 lost 0.13% to 7,481.69 points around 07:40 GMT. In London, the FTSE 100 took 0.21% and in Frankfurt, the Dax fell 0.04%.

The EuroStoxx 50 index was down 0.13%, the FTSEurofirst 300 gained 0.11% and the Stoxx 600 lost 0.03%.

The week which begins for the financial markets is placed under the sign of the central banks with the announcements expected on Wednesday from the Fed and Thursday from the ECB. Investors are anticipating a further rate hike for both institutions, before a possible pause for the Fed.

But investors are cautious, especially as the Central Bank of Australia defied their forecasts by raising its main key rate and leaving the door open for another monetary tightening.

The rest of the day will be animated by, among other things, the latest PMI indices on manufacturing sector activity in the euro zone, a first estimate of inflation in the monetary union in April and the ECB’s monthly data on loans. business banking.

On the stock market, Sanofi lost 1.98% after the degradation of Deutsche Bank’s recommendation to “sell”.

HSBC is up 4.60% after seeing its profit triple in the first three months and announcing the payment of its first quarterly dividend since 2019.

Also in London, BP dropped 5% after announcing a share buyback program for an amount lower than the previous one.

Electrolux gained 4.8%, at the top of the Stoxx 600, after information from the Bloomberg agency according to which the Chinese Midea would be interested in the Swedish household appliance specialist.

(Laetitia Volga, editing by Kate Entringer)

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