PARIS (Reuters) – The main European stock markets are moving higher on Tuesday at the start of the session, supported by the fall in bond yields after inflation indicators showing a slowdown in price rises in Europe.
In Paris, the CAC 40 gained 0.51% to 6,860.19 points around 08:45 GMT. In London, the FTSE 100 gained 0.1% and in Frankfurt, the Dax advanced 0.47%.
The EuroStoxx 50 index is up 0.47%, the FTSEurofirst 300 by 0.16% and the Stoxx 600 by 0.4%.
Inflation in France slowed significantly in October, confirming a trend also perceptible in Germany and Spain and which should be confirmed in the figures for the euro zone expected at 10:00 GMT.
This slowdown in price increases is accompanied by less economic activity, with growth of only 0.1% in France in the third quarter and a contraction of 0.1% for Germany over the same period.
Eurozone gross domestic product (GDP) will be known at 10:00 GMT; economists expect growth of 0.2% in the European bloc.
In terms of values, Thales lost 4.1% after a disappointment in the order book in the third quarter, while the performance of Bouygues was praised (+5.3%).
The oil sector (-1.57%) suffers from the decline of BP (-5%) after its quarterly results.
Conversely, the real estate sector gained 2.2% thanks to the fall in bond yields.
(Written by Blandine Hénault)
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