PARIS (Reuters) – The main European stock markets are hesitant at the opening on Tuesday, investors remaining cautious awaiting the publication of new activity data in the United States.
In Paris, the CAC 40 lost 0.05% to 7,287.81 points around 07:40 GMT. In Frankfurt, the Dax fell by 0.19% and in London, the FTSE advanced by 0.11%.
The pan-European FTSEurofirst 300 index is down 0.05%, the EuroStoxx 50 is down 0.11% and the Stoxx 600 remains stable.
Futures on New York indices suggest an opening on Wall Street down slightly, the Dow Jones is eroding 0.06%, like the Standard & Poor’s 500, while the Nasdaq is down 0.09%.
U.S. retail sales and industrial activity data due on Tuesday will continue to fuel the debate between inflation persistence and activity resilience that has dominated markets since the start of Reserve rate hikes federal.
“The market has stopped speculating on inflation-related risks (…) and is now betting on reducing price momentum, from a single data point,” June inflation, strategists explain ing rate.
“The activity data due on Tuesday should continue to signal a slowdown in growth.”
In values, SES Imagotag rose 4.52% after announcing the signing of an agreement with a Swedish furniture retailer, for which the French group will deploy its digital platform.
Ocado gained 7.12%, supported by its return to profitability in the first half.
The telecoms sector, down 0.9%, weighs on the STOXX 600, as Tele2 AB Group fell 9% following disappointing quarterly results.
(Report Corentin Chapron, edited by Kate Entringer)
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