PARIS (Reuters) – Europe’s major stock markets traded in mixed order at the start of trading on Monday, weakened by uncertainty over whether the U.S. Congress will approve a U.S. debt ceiling deal in time to avoid a default. the United States.
In Paris, the CAC 40 lost 0.46% to 7,270.46 points around 07:50 GMT. In London, the FTSE 100 lost 0.19% and in Frankfurt, the Dax advanced by 0.27%.
The EuroStoxx 50 index and the Stoxx 600 gained 0.2%, the FTSEurofirst 300 fell by 0.17%.
Now that US President Joe Biden and Speaker of the House of Representatives Kevin McCarthy have reached a compromise on the US public debt ceiling, it’s time for members of Congress to vote on the deal. provisional.
A few elected Republicans have already announced that they will oppose the text, a sign that the bipartisan agreement could experience a path strewn with pitfalls in Congress as the date of June 5 approaches and with it the specter of a default of payment.
“It’s still possible that the hardline Republicans will vote against the deal. The matter is not yet settled,” said Tai Hui, chief strategist at JPMorgan Asset Management. “The market is still waiting.”
On the stock market, Valneva took 2.2% after announcing a request for marketing authorization in Canada for its chikungunya vaccine candidate.
British advertising group WPP gains 1.95% after announcing a partnership with US chipmaker Nvidia to create content based on artificial intelligence.
(Written by Laetitia Volga, edited by Blandine Hénault)
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