PARIS (Reuters) – European markets are hesitant to open on Wednesday in a context of concern and before a series of data essential to understanding the trajectory of rates.
In Paris, the CAC 40 advanced 0.13% to 7,082.89 points around 07:25 GMT. In Frankfurt, the Dax lost 0.10% and the FTSE in London was stable.
The pan-European FTSEurofirst 300 index is holding up, like the Stoxx 600, and the EuroStoxx 50 is nibbling 0.2%.
New York index futures suggest Wall Street opening in the green, with the Dow Jones expected to advance 0.28%, compared to 0.37% for the Standard & Poor’s 500 and 0.36% for the Nasdaq.
European markets are taking a little respite after four consecutive sessions of decline, triggered by the latest monetary policy meeting of the Federal Reserve which insisted on its determination to fight inflation, even at the cost of a slowdown in the activity.
The statements sent US long-term yields to 16-year highs as risky assets declined in the wake of sovereigns.
While restrictive declarations from monetary policy makers follow one another, investors are focusing on the flow of indicators, which signal, in the euro zone, an increasingly marked slowdown in activity.
On Friday, inflation in the euro zone will be published, a crucial indicator for the conduct of the monetary policy of the European Central Bank.
H&M increased by 4.26%, after announcing third quarter results above expectations, despite disappointing sales in September.
(Written by Corentin Chappron, edited by Kate Entringer)
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