PARIS (Reuters) – European stock markets opened without much change on Thursday, as bond yields started to rise again in a context of caution.
In Paris, the CAC 40 fell 0.1% to 6,989.52 points around 07:32 GMT. In Frankfurt, the Dax lost 0.11%, with the FTSE in London gaining 0.22%.
The pan-European FTSEurofirst 300 index gained 0.22%, the EuroStoxx 50 was stable and the Stoxx 600 gained 0.13%.
New York index futures suggest Wall Street opening in decline, with the Dow Jones dropping 0.26%, compared to 0.3% for the Standard & Poor’s 500 and 0.3% for the Nasdaq.
Sales on the bond markets resumed after the break on Wednesday, linked to the publication of the ADP survey.
Yields on long German and American securities have thus started to rise again, eroding risk appetite while the markets continue to question the trajectory of the Federal Reserve’s rates.
Markets will be on the lookout for data on new jobless claims in the United States, expected at 12:30 GMT on Thursday, and the monthly report on American employment, expected on Friday.
In terms of values, the jewelry seller Pandora gained 8.4%, its highest in 18 months, after raising its growth targets.
(Written by Corentin Chappron, edited by Kate Entringer)
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