PARIS (Reuters) – European stock markets decline at the opening on Friday, with investors worried about the restrictive tone of central bankers.

In Paris, the CAC 40 fell 0.63% to 7,068.65 points around 08:17 GMT. In Frankfurt, the Dax lost 0.42%, compared to 0.4% for the FTSE in London.

The pan-European FTSEurofirst 300 index lost 0.4%, the EuroStoxx 50 0.49% and the Stoxx 600 0.54%.

Futures on New York indices suggest a hesitant opening on Wall Street, with the Dow Jones advancing 0.29% and the Standard & Poor’s 500 0.21%, but the Nasdaq being stable.

Monetary policy makers sought this week to qualify the optimism of the markets, which are already anticipating significant rate cuts next year, insisting that the fight against inflation was not over and that central banks would remain restrictive until price dynamics reach the 2% target.

These statements culminated on Thursday with the intervention considered restrictive by the Chairman of the Federal Reserve, Jerome Powell, which caused risky assets to decline.

Investors are also awaiting the intervention of the President of the European Central Bank, Christine Lagarde, this Friday at 12:30 p.m. GMT during a conference in London, then GDP and inflation in the euro zone, Tuesday and Friday, and inflation in the United States, Tuesday.

In terms of values, Valneva jumped 7.99% after declaring on Friday that the American Food and Drug Administration (FDA) had approved its vaccine against chikungunya.

JCDecaux advances by 2.6204% after publishing on Thursday an adjusted turnover up 5.8% to 855 million euros for the third quarter.

Scor fell 7.3% after reporting quarterly net profit below expectations.

(Written by Corentin Chappron, edited by Blandine Hénault)

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