PARIS (Reuters) – The main European stock markets are trading in small variations on Monday morning in a relatively calm market due to the commemorations of May 8, while investors await new data on inflation in the United States and in the week. Germany.

In Paris, the CAC 40 climbed 0.08% to 7,438.93 points around 07:35 GMT. In Frankfurt, the Dax gains 0.03%. The London Stock Exchange is closed until Tuesday due to the coronation festivities of Charles III.

The EuroStoxx 50 index rose by 0.1%, the FTSEurofirst 300 by 0.13% and the Stoxx 600 by 0.17%.

Futures on Wall Street point to a rise of 0.15% for the Dow Jones, 0.08% for the Standard & Poor’s 500 and 0.03% for the Nasdaq after the rise recorded on Friday following the solids results from Apple and data showing a resilient labor market in the United States.

Pending Wednesday’s monthly consumer price figures in the United States, which could provide investors with new elements on the trajectory of the Fed’s monetary policy, the US central bank’s investigation into the impact of the increase in interest rates on bank loans, expected later in the day, is to be watched.

In Europe, in the statistics of the day, German industrial production fell more than expected in March, by 3.4% over one month, partly due to the weak performance of the automotive sector.

On the stock market, the European banking compartment (+0.57%) posted the best sectoral progress in the Stoxx 600, while in Paris, Société Générale (+1.11%) is at the top of the CAC 40.

In the other sectors, the upward and downward variations are small. The energy index, which suffered one of the largest declines last week, rebounded 0.59% as fears of a recession receded.

Side business results, PostNL climbed 7.97% after reporting a surprise operating profit in the first quarter.

(Written by Claude Chendjou, edited by Laetitia Volga)

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