PARIS (Reuters) – The main European stock markets are evolving without much change at the start of the session on Monday, the evolution of the Chinese economy and the publication in the coming days in the United States of inflation and bank results encouraging the caution.
In Paris, the CAC 40 is stable at 7,111.82 points around 07:42 GMT. In London, the FTSE 100 fell 0.09% and in Frankfurt, the Dax fell 0.06%.
The EuroStoxx 50 index is down 0.07%, the FTSEurofirst 300 by 0.33% and the Stoxx 600 by 0.12%.
In China, producer prices (-5.4%) fell at their fastest pace since December 2015 while consumer prices remained stable amid a post-COVID economic slump that weighed on Requirement.
Chinese stock markets ended in positive territory, however, as the weakness of the Chinese economy gave investors hope that Beijing would introduce stimulus measures.
The week that opens will be animated by the publication on Wednesday of consumer price figures in the United States, which could fuel discussions on the Federal Reserve’s monetary policy.
On Friday, US jobs data showed the world’s largest economy created the lowest number of jobs in two and a half years in June, but also a still high level of wage growth.
The results of several large banks – JPMorgan, Citigroup and Wells Fargo – are also expected on Friday. “Consensus expects S&P-500 earnings per share to fall 9% year on year, due to steady sales growth and margin compression,” noted analysts at Goldman Sachs.
In values, Bayer gained 1.6% after press information that the German group could split its subsidiary CropScience.
(Laetitia Volga, editing by Kate Entringer)
Copyright © 2023 Thomson Reuters
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
