(Reuters) – Major European stock markets opened in the red on Thursday amid a fresh burst of corporate earnings after the Fed hinted at a possible pause in rate hikes as the ECB meets later in the week. daytime.
In Paris, the CAC 40 lost 0.72% at the opening to 7,350.66 points. In Frankfurt, the Dax fell 0.64% and in London, the FTSE 100 lost 0.47%.
The EuroStoxx 50 index lost 0.74%, the FTSEurofirst 300 was down 0.46% and the Stoxx 600 lost 0.76%.
The US Federal Reserve (Fed) said Wednesday after its two-day monetary policy meeting that it was raising its main interest rate by 25 basis points, as expected, and paved the way for a possible pause in its rate hike campaign.
The European Central Bank (ECB) is also expected to announce a 25 basis point rate hike on Thursday, with tighter bank lending in the euro zone and slowing core inflation in April pleading for a limited hike, analysts say. .
In addition, investors will follow the publication of the final PMI indicators in the services sector in the early morning.
Among the values, Casino fell 7.9% to 7.71 euros, the red lantern of the SBF 120 which lost 0.79% at the same time. The distribution group saw its turnover growth slow in the first quarter, penalized by a still difficult situation in its supermarkets and hypermarkets in France
On the Paris Stock Exchange again, Technip Energies was also down, by around 4%, after its quarterly results.
(Written by Kate Entringer)
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