PARIS (Reuters) – The main European stock markets are moving in dispersed order and with slight variations at the start of the session on Friday, with caution prevailing before the interventions of Jerome Powell and Christine Lagarde, who respectively chair the Federal Reserve (Fed) and the European Central Bank (ECB), at the Jackson Hole meeting in the United States.
In Paris, the CAC 40 gained 0.14% to 7,224.72 points around 07:48 GMT. In London, the FTSE 100 gained 0.3% and in Frankfurt, the Dax was practically unchanged.
The EuroStoxx 50 index is up 0.07%, as are the FTSEurofirst 300 and the Stoxx 600.
The Jackson Hole symposium, which brings together the world’s major financiers, will be closely followed by the markets, which will seek indications on the trajectory of the monetary policies of the rich countries.
Jerome Powell will speak at 2:05 p.m. GMT on the economic outlook and Christine Lagarde is due to deliver a speech at 7:00 p.m. GMT.
In values, JCDecaux stands out with a jump of 4.35%, driven by the raising of Deutsche Bank’s recommendation to “buy”.
In London, online trading specialist CMC Markets fell 14% after a profit warning.
(Written by Blandine Hénault, edited by Kate Entringer)
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