PARIS (Reuters) – European markets advance to the opening on Thursday in a wait-and-see context before the publication of German inflation, and supported by securities linked to the energy sector while oil returns to one-year highs .
In Paris, the CAC 40 advanced 0.31% to 7,093.36 points around 07:32 GMT. In Frankfurt, the Dax gained 0.11%, compared to 0.18% for the FTSE in London.
The pan-European FTSEurofirst 300 index takes 0.18%, the EuroStoxx 50 0.11% and the Stoxx 600 0.07%.
Futures on New York indices suggest a hesitant opening on Wall Street, with the Dow Jones being stable, compared to an increase of 0.14% for the Standard & Poor’s 500 and 0.12% for the Nasdaq.
European markets are progressing before the publication at 12:00 GMT of German inflation, an essential indicator for the conduct of the monetary policy of the European Central Bank, and which will give a first indication of inflation in the euro zone expected on Friday.
Economists polled by Reuters expect headline inflation to fall sharply from 6.1 percent in August to 4.6 percent in September, and any upward surprises could revive fears that the ECB will raise more its rates.
Complicating the work of central banks, oil has also returned to its highest level in a year, raising fears of a new surge in inflation linked to energy prices.
In terms of values, Beneteau lost 7.45% after its half-year results and having left its 2025 ambitions unchanged.
The energy sector rose 1.19%, after a drop in U.S. crude oil inventories deepened concerns about insufficient supply to meet demand.
(Written by Corentin Chappron, edited by Kate Entringer)
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